I already have 2 loans on the property with great interest rates that I'm not looking to replace.

It may be more difficult to get financing and a good rate buying through an LLC. 

I have 7 MTR and my income is 1.7x my long-term rates ($1200 vs $2000), but that is very specific to my properties, my location, my business model, etc. 

The rates will be lower and will allow you to maximize profits.

Is it a viable option and what could I do to increase my success rate when taking this opportunity?

Even at a high cap rate you've got several million dollars of market value here, so I'm curious about your base numbers.

Hi Mattin,As we’re already chatting via DM, I’ll keep this brief, but I wanted to drop a note here for anyone else considering Detroit.

You can drop the move-out part and just go with the buy-for part if you don't want to push them out.

Keep in mind that Wayfair is not a manufacturer, they are a screen scraper and drop shipper.

Based on 27.5 yr straight line depreciation, that's about $1,700 of missed annual depreciation; $25,000 over 15 years - and at an ordinary tax rate of say 30% tax could amount to $7,500 off my current tax bill.