Your next best bet to find something cheap is the North End which is about 3 Miles North of Downtown, but off Woodward and Oakland Aves, or maybe the east Jefferson Area.Also, if your Spanish is pretty solid, and can handle dealing with people without a verifiable job, or immigration papers, SW Detroit, in Mexican Village could be an option.In all these places I mentioned you better be ready to dig in hard on a renovation, and take control of the property.

I work with several "partners" and each is handled a different way. 

Expected vacancy 15%-20%  Mortgage is a 15 year loan at 3.75%.Expect $5000-$10000 in repairs.Property Management handled by myself.

It is incredibly difficult to get good renters for a house of this size ... because the rent is high(er) and the utility bills are hard to handle.  

Granted I don't have the full picture, but this deal would make me very nervous.I'd do some due diligence and try to get a much firmer handle on your build cost If I were you.  

Who handles the maintenance? 

If so the insurance company will most likely handle the collections from he tenant or hopefully their renters insurance.

I primarily do the fix ups and handle management, but like I said If i can make 30-50k on a filp in 3-5 months I choose that over renting out properties that will pull in 20k a year then after taxes, ins, utilities, you will clear 12-14k.I treat rentals as just a stepping stone or beginning foundation.

I called a few numbers until I was able to talk to a human being, who then took my name and number and told be the office that handles this sort of business will contact me in 24-48 hours. 

your making direct loans.. how are you handling licensure and how is the portal handling licensure.