It posted a jaw-dropping 7.3% year-over-year increase.

The time a typical home spends on the market increased compared with last year, as the inventory of homes for sale continued to grow, but homes were still snapped up more quickly than pre-pandemic levels.

Unfortunately, over the 11 months he has lived there, he has only managed to pay the rent on time once.

The worst case you would have to spend couple hundred or thousand extra over a regular move out rehab to clean up the extra stuff etc.

I have a friend that owns over 200 SFRs himself.  

Additionally, this option allows you to retain full ownership and control over the property, enabling you to benefit entirely from any appreciation or profit from a future sale. 

I couldn't imagine spending 411k on a SFH at this point unless I was living in it. 

Over time we made repairs and added on to the house.

Best advice I can give is to connect with an honest team on the ground that will go over all the pros and risks of the marketplace so you can get a clear picture of Detroit. 

A key part of your projections will be mortgage terms..check in with @Joseph Chiofalo he has a fun comparison tool and my go to lender for over two decades.