Or depending on the size of the mortgage, maybe cashing out one owner and retiring the debt with the sale of one unit - may make them willing to sell cheap.If you get one unit cheap, you are in a much stronger position. 

Plenty for a group the size I am expecting.

There is no one size fits all strategy for Detroit or any other market.There are areas prime for redelopment but that depends on your pricepoint. 

Drive an hour south and I bet you will find something more reasonable and it might cash flow.

Then run your comps again of similar size houses and find a true ARV .

You can definitely buy with less but you should plan for at least a medium sized renovation project. 

Think the best bet is just leasing with a completely separate option.

That's my best bet for learning the business.  

My list size is such that everyone gets something about once a month.6)  Do I "like" them?

Lot size 57,935 sq ft with potential to be subdivided.