Welcome to BP Frank and best of luck investing!

We only have one small property, so I manually adjust the price based on what I see for the month. 

Good Morning DeniseI know it has been several months since my last correspondence with you in regards to this quiet title matter however I again need advise/direction. 

Very cool- awesome to see the ambition!

You could form a month to month lease with a just a days notice to vacate so you could end it as soon as you get your license ready to close, the seller might be open to it.https://www.hostaway.com/blog/rental-arbitrage-joshua-tree/Or, you could continue to list on the seller's Airbnb and you could become a full-access co-host on their account - handle all communication, pricing, etc.

LOL   That is exactly what I would expect from the Detroit City Government.If you go there, they are likely going to say you first need a license from a different office on the other side of town and when you drive there, they will say you need an appointment with them, but they only have appointments the third Thursday of each month.  

Without any cash it is unlikely unless you can find a 100% seller financed deal (they do exist, I just did one a few months ago).

The rental market has slowed in recent months but expected in winter.

You mentioned gross rents of $3400 per month and Principle/Interest/Tax/Insurance of $2500 per month. 

Small multi-family properties starting at over $1M, which is pretty expensive and, resale single family (before year 2000) offer minimal cash flow (~$200-300/month).2.