After much debate and conversation he says, "what you should do is have all outward facing sides built with plywood not particle board and that would prevent this from being an issue in the future".

The properties are like 1985 to 1995 year built.

Take the cash from the cash out refi and by some rentals that will cash flow positive and have built in equity.

.- Built in 1987 - No repairs needed (so he says. haven't walked through property yet though.

I have never seen a Detroit booster answer this simple question:Detroit has housing stock built to house 1.5 million people.  

I may use a property management company", maybe it should be more like "I will market my properties through local realtors, Craigslist, Zillow, Realtor.com, and other platforms to ensure a rapid turnaround.

I am making an offer on an old home, built 1950.

I am making an offer on an old home, built 1950.

You of course are required to use licensed contractorsI did this when I built my house.For financing purposes if you are using conventional lending the bank will require a licensed general contractor and will not let the owner act as the GC without a license - but this is a lending requirement and not a county requirementWhat county is this in ?

House built in 1940, 1,318 sq ft living area.