It sounds like a fairly unique property so it might be hard to get an accurate ARV, but still, you need to narrow it down a lot more.If you're hellbent on going for it.

I did see it work out in one unique situation with a tenant my parents had.

In fact I just closed on a recent flip.However, this market has been so hot for so long I find it hard to get good deals at the right price.I believe Detroit presents a unique opportunity, where this market is starting to rise.

Was asking beyond that  It doesn't extend beyond that, unless something unique was written into the lease.

I also understand this a unique situation with owner financing. 

I formed an LLC with a business name that is unique and the preparer inexplicably failed to include a comma after the legal name, I was astounded to discover this one day because I have always included the comma in my business name as a basic form of punctuation and by far and away the format in which most corporations and LLC's represent the legal name of their business.

I have seen and heard (on the BP podcast) some truly creative and inspiring ways people have purchased homes, so please understand that this is by no means any sort of crazy or unique situation.Anyways, we are looking at a home downtown that's currently listed well below market and has been on the market for a few months now.

But everyone's scenario is unique and you definitely want to consult a good CPA.

I don't believe that SmartMove incorporates the rental application - they just provide the credit/background check.I agree it's easiest on the renter to not have to create an account prior to applying and I'd certainly recommend using a service that has both the application and the background check - this saves you from having to re-enter information, etc.Our service is unique in that it does not require a tenant to create an account to apply to the property (and does have integrated tenant screening). 

I am in a unique situation where we can purchase SFR with cash.