It is in the Historic NE which the farther East you go along the Independence Ave it starts to decline.

As I don't have large down payment, I am thinking to start building a portfolio with finding off market deals that have equity and do bit rehab/renovate and later get refinanace to pay off HML with a traditional lender/DSCR loan. please share any thoughts on my plan and any lending resources.

That books explains how it works and gives you all the practical tools to get started.

Detroit has turned a corner and a lot of folks are starting to wake up to it.Still early innings though.

Now that it is saturated, it is starting to fall off. 

I am just starting the investigation to figure out if this could be profitable.

Im assuming start with a PM?

@Anthony Zotto- if you started the application with the CU and locked the rate in - your rate wont  automatically  decrease  if  rates  improve . 

So, let's start with an overview:1.

The way to get around this is to end the lease at 12 months, then start a new 12 month lease.This is a PA court decision.