Additional revision/consideration of the STR regulations may not be in your favor. 

Ortonville and Baldwin area are nice ..anything in Royal oak, Berkley ( which is were i was born ) is always hot ..some parts of Warren , Sterling heights ... just about anything in the 248 area code ... but like any area you just have to watch and research and  watch and research watch and research .. then execute ... it should not take long to determine on your own which is the hit areas .. also never hurts to join a local reia. and get to know your agents and brokers right away ... i seen a stellar deal up in Ortonville about 1.5 months ago .. the arv on the place was well over $250k and they were asking $54k .. i dont care if you had to tear it down and rebuild ..it was worth it ..

I'm thinking for your ceiling if you don't mind losing some height, figure out of way to attach a loose foam material to the existing ceiling and put another layer of gypsum bd on top.

That huge development has to be taken into a consideration as potential future property rent and value going up.i will add as an investor, you should thinkelection session and its affects on whole market next year if you dont get steal.

These are all just considerations that I thought about, and continue to think about, in this business.

Curb was still ok just had less rim height around the perimeter.

My buyer agent wants at least a pre-offer inspection, but at this price, it's not as relevant.https://www.redfin.com/MD/Capitol-Heights/5406-Bye-St-20743/home/10995968I'm always willing to give a healthy deposit, $2000 on the $100k range.

And consideration is a part of the contract .

The architectural transformation would be mind-blowing, give you off-the-charts curb appeal, and raise the value of the property considerably.

Some HMLs will finance 100% but your rates and fees will be considerably higher.You don’t need a Deal to be qualified.