I recently closed a wrap-loan with a local bank where I financed a home with a 3 year ARM on 20 year amortization and then sold the home as owner-finance with a 5 year ARM and 30 year amort. Having to this made me cri...

But, I don't give them the black eye that they deserve many times, and recently another landlord took a major problem away from me.

The Zip code of 48221 is next of the list, here is the link https://detroitmi.gov/departments/buildings-safety-engineering-and-environmental-department/rental-property-informationI believe renovating and selling for top dollar would be in your best interest. https://www.clickondetroit.com/news/defenders/detroit-landlord-jailed-for-code-violations-including-apparent-black-mold-raw-sewage-at-home

It was in a black area and I had a bunch of hispanic guys working. 

First let's cover the two black and white scenarios, then we will get to the gray area:Scenario 1.  

Julie Black at Starkey Mortgage was my mortgage broker and she was amazing!

@Jennifer Marshall floor n decore in Austin has 12x24 black granite tile $8 EA as well as precut granite counters for 3-500$.

(with any personal info blacked out)There is prepaid interest (from closing date to the end of the month), interest on the old loan until it's paid off, possibly a new escrow account for taxes and insurance, credit report fee, appraisal fee, title insurance (yes even though title is not being transferred there is always a new lender policy issued). 

It is not  a black owned business  but they sure do have  a lot of  black tenants . 

I imagine the margins are thinner, they take really great processes to stay in the black, and you really need to know what you're doing.I'm looking at a Missouri town, everyone I talk to there says there's a rental shortage.