New furniture and a deep clean.

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 were looking to BRRRR a HELOC might be a good choice, but if you are just going the buy and hold route, then the refinance might be the better option.It sounds like you're already deep into it on this one, but in the future, if you buy at a sufficient discount, and maybe include some reno in the plan you may avoid large down payments, and get your equity through forced appreciation. 

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!

And until someone with deep pockets takes them to court and wins (not settling as that usually seals the outcome and its not made public). 

*long, deep sigh*

That scenario could happen, but I feel like since we're getting the property at such a low value already it gives us enough breathing room.

@Henry ZhuYou might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:https://www.biggerpockets.com/...

You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:https://www.biggerpockets.com/...

If you have a duplex deep in the hood it possibly could work, but most people are not willing to try that here in the Bay Area like I did.