Lots of questions here so if you can provide other details that will help me guide you properly.

When entering the contrat you can also choose to request estoppels, which is a document that the current resident signs verifying what they pay in rent, their deposit & other details of their lease. 2.

You need to have the refinance details already planned out.

All counties have their own rules and contact them to get the details like frequency, the time, and where they are held,Most counties have what is called a "redemption period" of time that the previous owner will have to pay the taxes that are owed. 

If so, can anyone provide a link for more details?

I am sure there are more details I'm missing but I would love to hear anyone's contributions on this. 

Owning apartments and currently in the process of doing my own value add to increase the rents for valuation purposes, I would recommend to do a very detailed due diligence walk through of the property with at least 3 contractors (if you are unsure yourself) to get a good scope.

I really appreciate the detailed response, there are a lot of gems of knowledge I was able to get from it.

Would love to hear your detailed thoughts.

If you are looking for a less expensive market near Ann Arbor, Ypsilanti might somthing to consider.Messege me if you want to discuss anything in detail.