I'm not sure why a landlord would ever have allowed the assignment, especially in a rising market. 

Detroit RE market is currently on the rise, there many high end condominium developments going up around downtown and plenty of single family flip opportunities with close proximity to Downtown. i know Detroit dosen't have the best reputation even within the midwest but many thing are improving and geographically close to you

Look at any major architectural feats, the creation of ancient empires, historic works of art, and even the rise of Facebook and Uber; they were carefully and intentionally planned.

Wonder if rising rents will help cash-flow-ability here, or just fuel more appreciation/ speculation to match.

Next is deciding a market that will meet your desired returns and has characteristics like good job/population growth, job diversification, landlord/business friendly and a rising market.

Those are great terms for the financing, especially in this environment where rates are rising.

He’s been so focused on residential but with the rise in home prices and interest rates, it’s become really difficult making the numbers work him.  

The retail value of properties are rising as well as rent in certain areas of surrounding Milwaukee and all the way to Racine. 

It only feels like this rise in prices will either drop, or continue to drop in certain areas until it makes more sense to get into the market.

I just wish that I had known these things before I jumped into that market.Here's how I plan to proceed going foward:If I purchase multi-family, the cash flow needs to cover the higher costs of maintenance and should cover property management.Find a way to split the management costs, if possible, with neighboring property owners.Buy in a better area and do the research because the area where I purchased was on the rise with incentives by the city to develop, but then the market turned and development stopped.