@Vincent DeLucia check out our website where we have the entire Metro Detroit area listed by Property Class and the 183 Detroit Neighborhoods.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

You can review all of the properties up for sheriff's sale through this link (https://salesweb.civilview.com/), but there is a lot to know about how it really works.

Every Rental Property I have I paid cash for it.

Loan amount is 283,500 for the two properties, origination fees are around $4,300. 

@Alysa Greenehi. no offense intended, but if you have to come here to ask what to do next... maybe you weren't ready to put this property under contract. 

How about liening the property?

If it is a trimmed down option agreement, do we then enter into a full PSA with the property owner?

I meet the appraiser there to walk them through the property, answer any questions and HAND them the folder with the above info. 

By the way I am looking at properties in a high fire risk area.  

If you’re ever interested in investment deals and value-add properties feel free to reach out.Good luck!