Are the market conditions [number of people moving in or out of an area, supply of land and homes, regulation, income distribution, ect] the same in Detroit as they are in LA?

Lack of underlying soil conditions like you see in Texas  IE foudations going wonky and requiring on going maintance that can be expensive.5. at that price point you get the best qualified renters not the bottom 1/2 of renter pool you get the top half.5. newer construction  Stucco tile roofs etc   compared to 40 to 100 year old homes in other markets that need greater care to keep functional. 6. ease of getting there direct flights to many places a lot of areas in the mid west you have to connect.. thats an issue at least for me.7. things to do.. 

It can only be cancelled if the terms and conditions are violated.  

I was originally going to buy a a 2 unit (Unit A is 3 bed/2 bath and Unit B is 2 bed 2 bath) in great condition, but was outbid.

We have invested about 20k in repairs and the house is now in great condition.

They were coming here to get heart transplants or have medical studies done as they die of some rare condition. 

A land contract is similar to a mortgage except title does not transfer until all conditions of the land contract are met.

Whether they agree to a walk through or not, all remaining tenants agree to take responsibility for the condition of the property.

Louis, came across a deal on a older brick house (~1938) in decent condition except that it has no Central AC.

This is not a hard and fast rule, but you can get a feel for various prices based on house conditions.2.