@Saul Clavijo make sure you understand you will be getting into Class C properties at those numbers.Food for though below, DM us to chat more about Detroit:--------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.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.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

For instance, things like death, divorce, job loss, natural disasters, heath issues, etc may cause you to change your plans unexpectedly and may change what you do with your home as a result.

However, if this locality has opted in for "just cause eviction"  (which is statewide), then you cannot terminate the lease without "just cause." 

(I understand upon learning the per is an ESA or Service Animal, one cannot charge pet rent....but these are still animals and can cause damage to the property.

Not to mention that absolute headache this will cause you.

I worry about a renter with a good rental history being to cheap to put anything in but his grandmas avocado green range, cause it still "works".Not providing appliances in my area would also be a bad plan causing extended vacancies.

Quote from @Michell Chase: It isn't a large amount but my concern is that if I remove the tenant in July I have no deposit in the event that there are damages to the unit. 

The bank is willing to sell the note to the owner of the house for a cash deal not through financing cause that would be illegal.I understand that part.

In our rental agreements, we use the security deposit to cover any damages once the lease has ended.

Best practices for security deposit deductions (damages)?