@Nathan Hillier actively looking for the right market to build a trusted team where I can brrrr and recapture/recycle our working capital.

Thanks everyone for help putting it into perspective.We do have to redo all the wiring - it's glass fuses and there's no meter.

Midtown is being dominated by WSU, Detroit Medical Center, Cardinal Health, Henry Ford Hospital, and the Illitch's(Little Caesars, Red Wings, Tigers, and now Pistons).In each of these cases providing workers/residents mean spin-off business have appeared(gyms, coffee shops, bars) or established businesses have made major upgrades(some liquor stores don't have bulletproof glass in midtown, or the bowling alley adding a cafe and event space.All development is subsidized by tax breaks/credits in all cities.

The back door has gaps in the weather stripping at the top through which light can be seen.BATHROOMSThe bathroom GFCI outlets tested as being ungrounded and did not trip when testing with our tester (it did trip when the outlet's button was pushed).The bathroom is missing a window or exhaust fan to help control moisture.INTERIOR ROOMSKitchen and dining room windows have cracked panes of glass, many of the windows have damaged cords at the sides and no longer stay up when opened.

I've done several turnkey flips in that area- With $82K you may not even have to refinance with debt-  just recycle the cash you have available. 

The have a life span, are NOT recyclable only some components are and rest are wildly toxic for a looooooong time.

I have been recycling the same down payment funds for several years to build a large portfolio of SFRs.

I could do so much more (recycle it) with it now. 

@Allan Glass I think you are right.

You can click on the magnifying glass to see previous discussions as this is asked pretty much weekly.