He's given me pretty good advice on the different neighborhoods.One one of the things you should be careful to screen is the rehabber's rehab standards.

Does anyone have concern that Detroit has a HUGE pension issue (and is just coming out of state oversight) that has not been addressed?

Sometimes if you just google address data will come up even if its not on the market.   

@Brian Singer I think I get it--you want to JV with a syndicate sponsor where they'd raise the money and you would contribute your skills at either finding deals or rehabbing units?  

I have been a pharmacist for 20 years but just put my pill counter down for good and picked up a hammer to start some rehabbing.

@John Knisely@Russell BrazilJohn:Thanks John for your reply but I want to address the issue in regards to anything unethical.I'm not a Sales Agent yet, but I am an INVESTOR now.I'm trying to PREVENT an unethical situation by asking what I should do in certain situations, in this case, when I am a Seller's Agent and I know ALL of the bids, of which the Best and Highest bid is BELOW what I would offer the Seller.I have two options here as I see it.1) Recuse myself because it really does seem unethical.

The property will be purchased vacant and does need quite a bit of rehab on the inside only.Thanks everyone.

I then calculate my All-in cost basis (Purchase price, Rehab costs, Holding and Closing costs) using the LTV ratio the lender provides.If it still looks good after the analysis I will visit the property to get an idea of the condition (taking pictures).  

@Jacob BarnhartIf you have the property rehabbed and rented out it's less of an issue.

I went to their website and to the contact page and got the general contact email address and sent an email.