Mortgage rates and PMLs are 8-12% plus points right now so the deal has to be a low enough entry. 

Some of the materials we choose and asked him to pick up (such as flooring) he replaced with low quality materials, I assume to keep more of our money for himself. 

I’ve already put down a $2,000 earnest deposit and paid for the inspection and appraisal.This event is unprecedented in the area, as the area is typically low in violence and considered very safe.

I own 4 two/three flats bought between 2013 and 2020 in Forest Park, Illinois, at low interest rates and prices in 200000's  They cash flow nicely and prices have increased a lot. 

Install low profile LED lights or wall sconces.If this is an investment property you need to be thinking about returns.

Should I price the land 2 times above market value and offer a low interest rateORPrice the land at current market and use a very high rate?

We look for good school systems, low crime and desirable neighborhoods.

So the choice of tenant would be key.On the flip side, reasons to hold: a very low mortgage rate; probably not the case. 

That's a very low amount given it's a commercial property.

It’s just not worth it in Detroit especially with the low price points.