Here is a great place to meet other investors like yourselves - https://www.oreio.org/ Not quite sure if once you acquire that property if your intent is to manage it as well for some insight into property management give us a call https://peartreegroup.ca/. 

You'll do well. 

But I know the city well and spent 5 years on the ground in the Detroit area.Newer folks need to do a ton of research and/or work with someone that has a ton of experience and is going to be honest with you.Detroit can be extremely block by block.

They are well capitalized and qualified but preferred to minimize their overall risk and minimize out of pockets contribution while rates are elevated. 

I think a homeowner can generally do fine with just a real estate agent but I'd agree when homeowners try to FSBO it rarely goes well. 

The Bourbon Trail will surpass Napa Valley in revenue generated this year as well!

I have lots of single-family and 1-4 unit multis that I think it works pretty well for too.But, it's just a general rule and many properties are way lower and many properties are way higher.For instance, I have some office space where the tenants pay for most of the repairs. 20-30% is probably more accurate for that type of property.I have some 'nearly new' duplexes that have very little repairs or maintenance.

This is known as over-leveraging and comes with a lot of risk.

You may very well be right.

I also would check to see if this is part of the building covered by the condo insurance policy as well.