I wouldn't cross the city off your short list.

@Benjamin Aaker thank you sir I offered 41k just waiting to see if they accept crossing My fingers

Then cross-reference sales in the Detroit Land Bank. 

If you own other properties you could do a cross collateral loan but you would need an exit strategy since they have a balloon after 2-3 years.

Because you just completed a rehab and have not owned it a long time you do have a higher bar to cross if ever asked. 

That is the underlying question here.I am not naïve enough to think that most landlords don't just pocket the money and keep their fingers crossed, but an obvious scenario comes to mind that can cause big problems:The tenant signed a one year lease and paid in advance, but now they are transferring jobs through no fault of their own and need to move after six months, and they want the other six month's rent back.This is somewhat problematic if I am still holding the funds in escrow as the landlord.

First, let's cross #1 off the list :)Choosing between 2 & 3 depends on your goals. - If your goals are cashflow TODAY, would you re-invest in a cheaper area that has better rent to value?

She probably already heard that from one of the many souirces she is consulting,fingers crossed. she says they are packing. another nightmare on the way.

Yes I realize now that life insurance option is crossed out.

Apparently, this is how they cross level tax burden by making the commercial property pay a little bit more (well, i my example its abiout 50% more..)...