We manage a Rental Portfolio valued at $800M, we are constructing over $600M of new Apartments and some Condos now, and are selling about $50M of our finished projects now.We buy only top projects in high urban demand in fill neighborhoods that are vetted by our team of professionals and banking partners for complete feasibility before starting.

I have been in Detroit all my life so I am pretty familiar with the neighborhoods.

Thry are still building out the rest of our neighborhood and still doing the same floor plan we have but it cost $75k more then what we paid for a 3 year old well maintained home. 

The other areas of Camden are still pretty scary neighborhoods.  

Property 2: 6 unit property (2 buildings on one lot in a mixed neighborhood; the first building has 4 units and the building behind it has 2 units)If I was asked, I'd say that Property A is commercial and Property B isn't but that's just my opinion.

The property that I'm looking at is 1/2 duplex in an up and coming neighborhood and I have barely enough money saved up for a 4% down payment.

Do rehab on house, convert back to single family and bring it up to level of rapidly rising neighborhood.

There are several websites where you can look up data on cities and neighborhoods.

I am interested in buying two properties - on a scale of A-C, one in a class A neighborhood, and while I don't think the math would be quite there at the higher end, I'm open as far as budget, and another in a class B neighborhood that's shaping up well. 

Local Planning commissions in these hillside neighborhoods are notoriously difficult and lengthy to approve plans.