Either way, I'm glad it's being more recognized as a good housing option. 

Not saying it's not possible or profitable in the rest of the city, simply the multi unit option and 0% vacancy from the university makes it a great option.

Constructing an IRR timeline on both options using the timeframe you decide on will help you visualize the better yielding investment.

If you are looking to refinance with a rate and term or non-qm option you may be looking at around 6 month season.

I’m from Idaho but have just started considering similar investment options in the Detroit area.

I am wondering what my options are to turn these properties around.

If this your first, a flip may be a viable option so you can build up some reserves. 

Hey @Mohammad Al-hadad,The first thing I would say is that the cool thing about real estate investing is that there are many options and styles about how to invest and what strategies you want to pursue.

Hey jeremy, sometimes the best options may not be local I recommend asking some qualified investment focused brokers 

If sales price is 400k and I want 75k cash but tenets only can provide 15k, what are my options?