I think a commercial building with rental units make sense in Brewerytown because I think the demand for commercial space will pick up.  

You can pick up small multis for about $10K per door. 

Aloha Anja,Pick up a copy of "Making Big Money Investing in Real Estate....Peter Conti & David Finkel" as recommended by BP.

I believe experience in picking out the best (possible) responsible tenants from this crowd would be tremendously valuable.

Water bills used to be around $90, but now with all the suburbs having to pick up the slack for all those in Detroit that don't feel the need to pay their own water bills, the price went up.I'd look at companies that come out and sub meter and start changing your lease to include tenant paid water, or a monthly limit. 

I called her the night before she was suppose to be out to arrange picking up the keys.

To time the market for a 1031 is a double edged sword and you kind of have to pick your druthers.  

So basically I've been devouring books, picking everyone's brain who I know owns property, and Youtubing the topic.

So basically I've been devouring books, picking everyone's brain who I know owns property, and Youtubing the topic.

I don't want to make the wrong decision on picking a house.