How was the process of getting the existing tenants to agree to the lease to own vs being a pure renter?  

I am interested in finding decent properties with pure pote really lower price points.

The sale price I posted was the asking price purely to show that at the asking price it still seemed like a good deal, I would be interested in making an offer for less.  

Additionally I invest purely for cashflow.

My question to Mike is purely mathematical: how much market must loose in order for me to start losing money from my paycheck?

But from a purely objective investor perspective, you will have an easier time and more consistent cash flow with fewer doors in higher-end areas. 

When I run my numbers on prospect deals, I run them as if I were purchasing it as a pure rental/investment property.

@Jorge Leon Jr, I understand the ease and sense of security that comes with not having a mortgage, but from a purely financial POV, it isn't ideal.

Live there while you're at school, then either keep it as a pure investment property or sell off and move onto something else?

There are probably a small handful of places you could find these type of economics (pure cash flow and little to no appreciation potential unless the cities really rebound) = Detroit and St.