One of the few charges more offensive than “resort fees” hotels charge. 

also do you recommend selling coop before buying or buying first if I sell my coop first 260k after all fees and at the moment I have 60k cash in the bank not sure if it will be enough for closing ? 

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?

Difference of $3800 or about 1% of the purchase price plus an inspection fee :) The difference in 'financing' the down payment and RE commission (5% of the purchase price) is roughly $124/month or ELEVEN YEARS of payments ($16,500/12 = 133 months.) 

I did make a trip to Detroit and drove around neighborhoods to realize 'every block is different'.Its still sounds lucrative wrt ROI, but with concerns of- Property taxes : probably most complicated of all states- Home insurance is too high- Property management is too variable, anywhere from 6-12%.

I initially looked at this deal as a flip but realized it works as a BRRRR and I would prefer the tax benefits to the tax penalties of a fix and flip.

Your profit is $50K*** obviously you need to include holding costs, taxes, broker fees etc. 

To offset these costs, your association requires owner-landlords to pay an annual leasing administration fee.

The principal, interest, taxes, and insurance (PITI) might be approximately $850.

How much in legal fees do you want to pay to chase a dead beat?