Yup half of these ideas are OLD NEWS  I never equate Texas and low tax's LOL also my concern with build to rent subdivisions is not the rent or the first 3 to 5 years but the exit in 7 to 10 years which is average hold time for investors.. 

I also received a letter from the county saying that my property is in violation of several health and safety codes. 

However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.

I would recommend saving a little more.From what I've read about Cleveland is that you need to be concerned with high crime.

Property values have been appreciating rapidly in recent years, and the city’s population has started growing again—a trend we haven’t seen in decades.I’m also based in California and have been investing in Detroit for several years, so I understand the concerns of out-of-state investing.

Condos are cheaper than houses, and to my mind, a vacationer wouldn't care much about staying in a bigger place for their short stay, and would be more concerned with a good location and a nice view.Thoughts?

Extremely communicative and Bob spent time over multiple phone calls answering specific questions I had concerning the deal.

The best banks that I have found based on your main concerns are smaller, regional, community sized banks.

@Sofia De Santos Tavarez if you haven't already, have the property professionally inspected.This should catch MOST of the structural, health & code issues - but not all.

If there is "still contamination" at any level, I would be concerned about that and pass on the deal no matter what.