Keep in mind the potential for higher renovation costs due to older properties and the local landlord-tenant laws.Good luck! 

Thank you in advance  1. 

I am a new real-estate investor looking at flipping properties in a higher end neighborhood.

Hi Mattin,As we’re already chatting via DM, I’ll keep this brief, but I wanted to drop a note here for anyone else considering Detroit.

..

New occupants will be coming soon, but in a 3 family, i have set of excellent student tenants that renewed.That said, many landlord insurance policies have exclusions for students, so I am trying to gather info on updating a policy to consider the fact that the building is only going to be 33% student occupied.  

If you have anything in writing(texts, emails, contracts, etc) gather those.

In doing so, bear in mind that the cost and admin of a corporation is higher and that the tax treatment is different:1.

Do you know Michael Wright in Detroit? 

Thanks in advance!