I don't have experience in the Detroit market, but I assume there are plenty of properties available that look great on paper but are going to be a real challenge to manage properly, especially from across the country.

@Grant Steiner - If you're planning to rent it for a year or two before moving and getting your own residence the most important things will be making sure you have signed leases and that you are properly reporting everything on your taxes.

Do everything by the book, and in the case when you are faced with a lawsuit, use a good liability policy as a first line of defense, and your LLC that you have properly structured and documented  as the second.

I cant be woken up in the night for a leak in the toilet

I wouldn't shy away from the deal.. just realized you would have to give proper notice of non-renewal to that apartment and you also let sec 8 know the lease is not going to be renewed. 

Communicate to the sellers that you're willing to perform, but they need to either properly remediate the issue or lower the price.I know you're looking for people who have specifically negotiated this with a bank as seller.  

But if she isn't familiar with that market - and I'm certainly not - then she may not have any idea how to properly market it. 

That's a lot for a $79/night place.  

It doesn’t really matter.....assuming the mtg foreclosing was Recorded before the tax lien was, the IRS has 120 days from the sale, or from receiving proper notice of the foreclose didn’t serve them, to redeem (pay you back your purchase price.  

A few extra dollars to a handyman is certainly cheaper than having a tenant not renew because these requests were not given the proper attention.