Quote from @Sean Regan:  I put this as a structural challenge in a scope of work.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

ya absolutely. most people just recommend multi family because it allows you to offset your income while living there without having roommates. also they tend to cash flow better so if the plan is to do this year over year making sure the rents cover your DTI when you move out is very important.

Logify is a terrible product but you PM should have something similar for you to see this info.

He has no idea what is going on here and should refrain from spreading inaccurate information. 

It’s tough to be in a position of uncertainty, but getting informed and organized will help you navigate this situation.

Is this your first one?

However, I discovered on my own that the city ordered the property to be demolished in 2022, which I’m okay with.

I am aiming to keep this long term.I plan on asking for repairs but I strongly doubt I will even get a discount.  

For investors, this means there may be more flexibility and stability year-round.