That's a significant amount of after-tax savings to accumulate.Investing in a city with an average annual appreciation of 8% can be a game-changer.

Number wise it does not look bad but this is with such limited information I would not go off of an opinion based on info provided. 

Detroit has a lot going for it—affordable prices, strong rent-to-price ratios, and an appreciation story that’s still unfolding.

@Jimmy O'Connor time for an update!

I recommend you do an online demo to see the features that it offers.

Also if the property is zoned such that commercial can be there, you've got more options for an eventual redevelopment in my mind. 

I have an off market opportunity for a 3 plex that I’m looking at.

She went from having an affordable place to suddenly facing thousands of dollars in unexpected fees.

So if you have more than a $786k NET GAIN (not cash, not equity, GAIN) you’ll be able to take the full $500k tax free and then do an exchange on the remainder. 3) For that exchange to work you’ll have to buy an investment, not primary home that costs more than the remaining sales price, and reinvest all the “cash” beyond that $500k.

The Colorado Springs property is a operating Airbnb that has been updated and has been generating an average of $5500-7500 per month.