I was looking at procuring the flooring from Costco for around $2/sqft and having a local installer put it in, but I should check HD and Lowe's to see what the comparable rates would be.

Local Banks & Credit UnionsSmaller banks and credit unions are more flexible than big lenders and might approve you with:✔ A detailed project plan✔ A licensed subcontractor network✔ Proof of rental income history (since you own rentals)4.

I would suggest finishing school, working as a part time agent while you are at school, saving commissions for investing, and working with a team that focuses on investing as opposed to residential sales.There are also local meet ups every month. 

Is anyone using the 203k or HomeStyle loan locally to help homebuyers?

The best part is the free CD is nothing more than a bunch of vague suggestions about how you can make all this money in real estate and vague bragging sessions about how he has been around so long and wants to give you all his knowledge before he croaks (paraphrased) Someday I will be completely immune to the crooks attempts at separating me from my hard earned money.

Learning the ins and outs while keeping an eye out for a great deal is a smart approach—knowledge and patience go a long way in this space.

You can also check with a local independent insurance agent to see if any carriers that might not have been mentioned have a short term rental endorsement that they can add to a standard landlord policy (Travelers does in the states I write in). 

Try networking locally with HML's who know the market. 

Detroit is a market where local have a strong competitive advantage over non-locals so you want to use that to your advantage.

Overall, it looks like a good deal, something you could probably even take to a local bank or credit union for financing.