Talk to property managers and see if they would manage the other units.

Can you get access to the property in advance to verify the condition? 

Does anyone have a real estate attorney recommendation to review a property management lease?

Listing your property there ensures visibility.Build Relationships: When agents reach out, respond quickly, highlight your property’s amenities, and showcase your flexibility to meet displaced families’ needs.Highlight Insurance-Friendly Features: Emphasize features like flexible lease terms, utilities included, and a fully furnished setup to attract insurance placements.This approach has helped me successfully market to insurance companies.

Finding a property with the appropriate layout is challenging and expensive.

Check out some of things happening in Detroit in 2024:https://michiganchronicle.com/2024/01/03/major-developments-that-will-define-detroit-in-2024/Your first question shouldn't be WHERE to invest (that is #2 question), but HOW you will invest!

I think having a balanced budget would be ideal where you allocate money into buying another property and money set aside for renovations.

@Tannia CastroWelcome to the exciting world of rental property investing, Tannia!

Especially since you are looking at properties that are already high value.

Does anyone own rental properties in Detroit?