It may be helpful:I can give you some general info on insuring the property:Here are some things to look for from an Insurance prospective:1.Any in-ground tanks (active or inactive)2.Any Knob & Tube or Aluminum Wiring3.If built before 1978, does the building have Lead Safe certifications4.Any wood stoves or secondary heating units.

Detroit has so many features that make it the obvious stand out as America's next major Metropolis. 

All but one of the family members are on board, and we collectively own the majority, but it's 55% and the bank requires 60%.

I have two options 6.625% 30 year or 6.15% 15 yearI want to invest aggressively in the near future on more propertiesThe loan is only $110k and the monthly payment for 15 year is $563 and $750I will earn 2-3k a month in gross rental revenueThe property is in a declining population areaRecently rennovated, and all major things were relatively recently improved such as plumbing, the roof, a/c, electric, etc.Will require a lot of management as it is rent by the room so I may switch to a normal rental after 10 yearsI'm trying to find what will mathematically net me the most money in the long run.

@Andrew Wade first narrow down if you want to be an active or passive investor.

I have a template that I provide and they can either complete the template or just give me their documents and I'll complete the template before prepping the taxes.Self Managed, High Volume, Very Organized - these folks keep up on their activity. 

The vast majority of licensees don't do any business.

As an active-duty (soon transitioning) Air Force myself, I know the VA loan is a powerful asset for us.

I do the majority of my leasing on Facebook and Zillow and I never ask for an ID.

One of the major deficiencies of this property is it has no garage.