With all current comparable of 2/1 in the area with same sqft is around $385k-$400k, I converted to 3/2 with permits our contractor and I ran into many challenges with the city inspection and also tried to stay within budget.

But there's restrictions put on realtors and that's the main reason I've stayed away from it. 

It would be nice to syndicate deals and organize multiple deals that makes sense as done with the LLC but more often and larger scale that is manageable and comfortable.

I would likely stay here and rent for another ~2 years then move out of market.

As long as all tenants are staying in place, I do not see the point in rekeying.

After all, when the economy dips again (which it surely will), these homes tend to stay rented with much lower turnover.  

Personally I would stay away from a "portfolio" purchase in Detroit. 

First and foremost, the organization that compiles all the data into easily digestible files for my developer to work with could stop providing the data out of nowhere.

First and foremost, the organization that compiles all the data into easily digestible files for my developer to work with could stop providing the data out of nowhere.

Let her stay as a renter in her own apartment.