Its always from low producing agents who want an ego boost.

You must know the acquisition prices intimately, be disciplined, know when to walk away, know the the market rental rates, and be a very strong operator when managing the properties. rices can increase (or drop) dramatically within a few blocks, and you do not want to be caught overpaying.

Most investors will tell you that seldom happens, but the folks I've heard from who have been in this game since the 70s have been around when the interest rates rose dramatically.

I also understand that Detroit is a particularly segmented market, with certain areas at dramatically different price points than others.

By not providing appliances, you will dramatically decrease the number of interested applicants.

The new kitchen might get a big boost of value in an area where new kitchens are valued higher. 

Probably better off having boostly build out your direct book using hospitables api. 

However since it boosts returns and allows me to buy an asset I would not otherwise be able to purchase I am left with the privilege of paying someone else for their money. 

Anyways if you are serious about doing deals and want a boost I would be glad to do a weekly call or something.

There's no guarantee prices will drop, or that interest rates are going to get dramatically better anytime soon.