I want to convert the church into a house, which will cost about 100k.

Personally, I think the taxes are high and the services you get for your taxes low there.I know people that invest in Detroit but you must know the area down to the street and have excellent property management.However, I just talked to my CPA today about a referral he was sending me who is a client of his that has 30 rental properties in Detroit and selling them all because the City doesn't really help, charges for everything, and they never have given a security deposit back to a tenant after they stayed because of their behavior or lack of payment.

There is a prohibition against posting the landlord's names if they are found to be in violation of the ordinance.The ordinance includes a $1 million mitigation fund for landlords to offset the costs associated with accepting vouchers.

I would think having a landlord or rental dwelling policy is a much higher cost to be mindful of.

Rent costs are nearing 2019 levels.

Either way it won't work in D grade in maybe low C grade. 

If not I'd just put a new one in and eat the cost.

Partner Driven financed the Carriage Lane deal using its own capital, covering the $310,000 purchase price and $15,000 in renovation costs.

You might be asked to pay an extraordinary sum, maybe $5,000, for the program materials or to attend additional seminars and boot camps.Or, you might be tempted by a program that doesn’t cost much only to find out later it is bait to get you to purchase even more expensive products.

The key is buying properties significantly below market value, keeping costs low through self-management and maintenance skills, and taking a long-term view to build wealth through forced appreciation and equity capture over time.