Detroit is literally one of the, if not THE, best markets you could be playing in today.

Amortization length along with any DSCR requirements comes into play also to determine what kind of down payment requirement you may have to meet. 

I have been playing the multifamily game for almost 10 years now, and the GRM is one of my least favorite methods personally since it ignores so many important factors (steam boiler versus electric baseboard heat as an example). 

@Justin Jefferson first, some cold realty - you're about as likely to play in the NFL as you are to retire via real estate in 4 years.Are they both possible?

The screening process plays a big role in the odds of collection.

The STR is a hospitality play.

Quote from @Daniel Snyder: Just having fun learning about real estate and trying to build a future for my grandchildren. 

Sometimes the best investments are the ones you wait for.Here’s the kicker: utilities and zoning can make or break these plays.

Doubtful this scenario comes into play.

I guess an appreciation play would be the only thing that makes sense over here.