Not sure how I feel about that since it is the house of my parents and I grew up there.So best case is I have a free and clear property in Roseville Michigan just about 6 miles north of Detroit that the value should be about 70k. 

All phone numbers are dead ends and parents are dead.

That fact, when combined with data that shows that much of the press buzz about Millennials' supposed preference for cities is fraught with confirmation bias, and that Millennials in fact choose suburbs at the same rate as their parents, suggest to me that the average run of the mill suburb is the safer bet.

It may not be a heck of a deal, but I save $500-600 per month vs. renting my parents condo.Key concerns:-Prices to go down in the near future?

I am new investor and have come into a sort of windfall- not my money to keep but my parents are looking to partner with me on a purchase or two or three depending on the market.

I have a LLC in WY as the parent and the 2 child LLC in different states.  

My parents are pretty savvy investors and own several multi-family units.

I grew up in louisville across the field from LES and my parents still live there.  

My parents have a SFR house in Philadelphia. 

Oh and originally I had their parents guarantee the first year's lease but took them off the last year (I am kicking myself now!).