Thinking about investing in Detroit Michigan. 

I just think you would find better deals looking at the residential side of things.  

A few questions and I think you'll get your answer.1) Can you actually rent this out as an STR?

Hi @Sean Leahy - good direction, I've never considered this but now that I think about, whenever I've had some random rental/sale listings I've been approached by brokers who said they represent folks that are part of the insurance company's claim management process (e.g. their house burnt down due to an accident). 

Quote from @Peter Walther: I think you'll find most, if not all title insurers, will require the DIL to be dated and executed subsequent to default in order to insure. 

No advice as I think my savings account earns maybe 1%, so I'd also love to hear from others.

I think you’re under a misconception that’s leading you to think you have options you don’t…You say it’s worth $1.1M and you’d net $500k.

Quote from @Brandon Weis: In your opinion, as you are starting out at 0 reviews, do you think it is a must to beat the competition on price to overcome customer's hesitancy or lack of trust with no reviews?

I think the biggest issue is the fact that the agent didn't disclose this from the beginning and it seems like he was trying to keep it a secret.

Like others, I don't think I am following what you are trying to accomplish and how partnering would further it.