I think 50k$ is low depending on the grade of the lean. if its bad then you're talking flooring issues such as tile cracking and what not and like @Eliott Elias said doing dry-wall work too.I don't want to sound like a debbie downer, but if unless you have deep pockets or you know how to do the work yourself I might look elsewhere. 

YES, we may be a little biased, but check out our blog here on BP comparing Detroit to other cities and Deep Dives on Metro Detroit cities & neighborhoods: https://www.biggerpockets.com/...Your biggest question shouldn't be WHERE to invest, but HOW you will invest!

If you PM me the address would be happy to help with a deep dive on those questions or second look your pre-existing analysis.Live Free,JD

Are you all financially prepared for if we have a deep recession or depression?

If you can't convince your father to go elsewhere, I think you can make the best of what you have by diving very deep, and getting to know every submarket in your area, getting to know the brokers, reaching out to sellers, and staying in your lane.

There are numerous problems: several deep potholes in the parking lots, soil erosion under several of the sidewalks, no land scaping whatsoever, half of the complex lighting is burnt out, and this list goes on.

There are numerous problems: several deep potholes in the parking lots, soil erosion under several of the sidewalks, no landscaping whatsoever, half of the complex lighting is burnt out, and this list goes on.

On a “deep clean” that was required because of an extended stay with a pet, the cleaner entered for twenty minutes and left.

This house had great bones and needed deep cleaning to get it back in livable condition.

Orlando,Slow down and take a breath.