I found some articles and old forum posts on BP last night that discussed problems with financing and insurance for this arrangement. 

How did you finance this deal?

Are there going to be banks involved, creative seller financing or all cash? 

We're based in Tampa and, in addition to personally investing, I own a mortgage company that provides financing for tons of investors.

While my husband and his ex make a similar income and do not exchange child support due to us pointing that out in court a couple of years ago, she actively request all financial documents that she possibly can and examines our taxes, etc. 

Any insights on financing, managing renovations, or rental demand in Detroit would be greatly appreciated! 

Is it possible for the investor to exit this deal at a later date?

It's a breach of the broker's fiduciary duty to his client (the seller) to bring in as many qualified buyers as possible in order to get the best price possible.Private agreements by the NAR will be no defense unless in the listing agreement between seller and broker.

Given my inclination to keep the rental property, what are the potential benefits or drawbacks of using a HELOC on this property to finance another investment property?

How did you finance this deal?