On a positive note we did build a new house to the specifications of a specific tenant. 

Do you have specific numbers to share with the forum, particularly with respect to your in-laws house?

For the most part vs focusing on a specific neighborhood or two I would say keep you options open to all. 

Speak with a CPA specific to real estate to get assistance.As others have mentioned, cost varies depending on location. 

There can always be a situation specific to you where your intent was to hold but something cause you to change that. 

Experienced managers can help evaluate potential investments by providing insights on rental demand, market rents, tenant preferences, and location-specific factors that affect leasing success.For example, rental properties need to be close to conveniences like major roads, shopping, and schools.

A specialized commercial broker in a specific niche or any commercial broker?

Specifically, Texas has some of the highest insurance and property taxes in the nation, but the appreciation makes up for those high costs in the long run.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

If you are looking for Detroit-specific help, @Drew Sygit would be a good resource.