The most difficult part is to start; now you have crossed that bridge....Keep the spirit high and we shall all hear the success story soon.

I pretty much can cross every hurdle of the process besides the legal paperwork and such area and how all of that works.

Most of my investments are within 5 miles of the Detroit border...some are within a half mile, all are doing better than Detroit.You're correct when you say "Detroit has a way to go".  

After pretty thorough analysis by myself and my bank the property will conservatively be netting about 20-30k/yr.I've been approved through my bank for the full purchase of the property by cross pledging equity from my other RE.

And if you have two investors working in an area at cross-purposes (one to maintain the "feel" of the neighborhood as it is and the other to make a profit and "gentrify") then neither is going to make great progress.

Now is there some type of cross-over bridge which derives itself from default?  

**********************************************************************************************PROPERTY INFORMATION WORKSHEETAddress __________________________________________Date _________Location / Cross Street _______________________________Map Pg# _____Seller _______________________Ph# ____________Alt.

When I calculate my ARV I use 1/2 a mile out in all directions from my subject property without crossing and major streets, or lakes/rivers.

Best of luck and hopefully, we'll cross in our investment paths one day!

The SFR was converted to a triplex and is on a fairly major cross-street with other apartments.