There certainly are other low barrier markets that have a healthy pool of tenants to choose from.

So, if you're not going to do the work yourself, or if you don't have some magical contractor that can do it cheeper (and better) than anyone else, the only reason not to buy it finished is if the price you get it for, combined with the price you're paying to fix it, combined with a very healthy margin for your risk and the inevitable surprises....

Healthy trees need not be removed.

The part people don't want to accept is that a healthy economy has ups and downs. 

This implies that Detroit was a healthy market up until 2007/2008m which i wasn't.

If it is a healthy mix of 1 and 2 bathrooms, then you deduct from the comp for your lack of one bath and that will likely be more than $10k but I cant say for sure without knowing your area and all the comps.

We add value to the people around us by providing a healthy and supportive environment through an abundance mindset. 

@Conrad Kostrzewa  I lived in, and now rent out condo in Wicker Park that I has shown be some healthy cash flow. 

If it turns out to be a home run then great (I am mildly optimistic it will happen), but if not I'd like to see healthy retruns as well.

Artificially low interest rates and lower prices incentivized investment through healthy appreciation.