@Ibrahim YaminiAlso You will need excellent property management in Detroit, people with boots on the ground.

In ground basement or fully above ground? 

I am new to real estate investments and I am yet to begin, I started a real estate investment class to get me grounded on the basics and I would like to start building my team.

The Hustle (boots on the ground, managing the rehab, etc)Best of luck and keep us updated on your progress!

If not there- you do need a boots on the ground- either family/friends or rental management to be a contact for any leases if you do to rent out your property- you still could purchase a SFH with a studio set up to maximize rent and hope for some cash flow! 

#4...On almost all multi I expect to see deferred maintenance....too many investors don't keep them in good repair and just try to milk them into the ground.#5...some investor think...I never lived there....I've never seen the property...how can I fill out seller's disclosure?   

It said if you as the owner have owned your property prior to 1975 ish in the same ownership you were allowed to go back to that zoning and develop.Well you can see the inequity there .. one guy has 40 acres that was zoned favorably prior to 75 and can do a massive subdivision the neighbor who must adhere to todays zone on the same 40 acres is lucky to build one house.Stimson Lumber with their Washington county and Tillamook county vast holdings made measure 37 claims on literally hundred thousand acres of timber ground into HBU  higher density and buildable lands  which value is greater than the production timber values.Once the state figured it out they made it very difficult to prosecute a measure 37 claim and they finally did a way with it. 

It could be grounds to sue them, but it all comes down to what you can prove.

@Irving Garcia I know of a lender that will do ground up construction financing once you have the land purchased and it needs to be build ready.

If you want to really get started and hit the ground running, put some money into the business.