I can answer some questions you may have about Detroit.

I wrote a BiggerPockets blog post on how to find comps and calculate the ARV of a potential deal: https://www.biggerpockets.com/blogs/8814/68395-how-to-find-real-estate-comps-and-calculate-after-repair-valueHappy to answer any questions about that blog post or the process in general.As far as finding potential deals, those are slim on the MLS and you'll get the largest spread for your buyers by looking off-market. 

I am sure everyone would love the answer to those questions, but I am going to ask it anyways. 

Let me know if you need any specific questions answered.

Apologies for not being able to guide you on answers to your questions as I'm not experienced in the DFW Market.

@Robin A Jackson, no one was answering, so I bumped your post to the top of the forum posts.  

@Scotland Ray Smith- If there is a significant value add opportunity, what would happen most likely is a different exit strategy (a possible flip vs buy & hold)... that said, to answer your question- yes. 

@James P. only your agent can definitively answer this question. 

The fall back answer has been ask friends and family but what if friends and family don't have money to lend.

Hopefully a VA home loan specialist can answer this question.