Would to see if anyone has had any good or bad experiences.

Get rid of all bad debt before investing.

Reading back over my post I realize how bad it sounds especially toward section 8 tenants.  

The stove is going to be important to tenants and it is a quality of life issue.

Id sell it, your rent multiple is bad as is that neighborhood; it makes Lents look upscale.

What ever is the best way to pull equity with bad credit please let me know your opinion. 

You don't get great deals unless they are in bad areas, and need a lot of work.  

Also any good or bad information that you have about detroit as a city to investment.ThanksJohn

I have passed on some good cash flow but it was because the properties were in bad areas or really bad condition and therefore would make an exit strategy a lot more difficult. 

What people don't realize about the real estate crash and the participants is that even if you took all the sub-prime loans out there at the time and declared them worthless-the losses wouldn't be worse than a bad day at the stock market.