Now if your floors have quite a few damaged spots, that definitely adds more time a bit of complexity to the job since you'll be doing carpentry.I have personally refinished about a dozen hardwood floors (both pine and oak) on properties that I own and have achieved really great results for a fraction of the price a flooring contractor would charge.  

It isn't just going to be $25 per month if the building needs a new roof (for example) and every owner has to chip in $1000 (for example).

Thanks for chipping in, Tim.

In Detroit proper, that will likely yield significant time on the market (beware of vandals), unless your strategy involves selling with land contracts.Areas like Southfield, Dearborn or Oak Park seem to sell faster for a myriad of reasons.

Some people would say these areas in Memphis are good/great areas to live and own Real Estate Investment properties... 38117, 38118, 38115, 38133, 38134.. take a look what's going on in those zip codes. http://www.commercialappeal.com/news/2014/mar/06/one-person-reported-shot-oak-court-mall/ or http://www.commercialappeal.com/news/2014/jan/27/jewelry-story-oak-court-mall-robbed-suspect-appreh/ or @Andy Luck here the article I think you were talking about http://www.myfoxmemphis.com/story/23614652/man-shot-while-renovating-home#axzz2xAuxYA6R or http://www.commercialappeal.com/news/2014/jan/18/wolfchase-shoppers-take-cover-shots-reported/ My point is Crime and Bad People are everywhere, not just any specific locations..

Most of the houses in the area have these old chipped up porches I'm just trying to make it safe/look nicer. 

Cheers,Alex Oak

It is a bartering chip and will help identify risks you can mitigate using seller concessions. 

Chip TownerIn the biz 11 mos 2weeksAvg several closing a day. 

It's on the same Valspar color chip as the oatland subtle taupe so it looks good between rooms.