Its not cheap to have a property demoed in Detroit, Ex.  2100 sf , two story, between two existing homes will cost approx. 13k, without asbestos and lead remediation - it will take 60-90 days to get utilities terminated, and proper permits issued.

As long as you can keep your reserves at the right level, use the money to expand.  

Once you are rolling expand into bigger projects incrementally.

And it's not in the city proper, it's near the Eastern waterfront with access to private airports, marinas, and a golf course.

There many things you need to know ideally before you make an offer.Your first thing and not necessarily be the most important is the first impression when you drive like the building(s) and the landscaping, is it's location good for your tenants, the mix of the floor plans, can you add any value, Make sure when looking at the income and expense records that you looking at actual financial statements.Are there any nearby schools and are there there any nearby amenities and what type of the parking is available to the tenants, how any nearby apartment locations and what, if any, are they doing to attract prospects, look at all units and do not let the current owner trying to get you  not to do that, how does the current rental rates being collected near the market average, does it need any capital repairs or rehab right away,does it have a positive cash flow now, is it being properly managed by property management, and is there any nearby retail development and do its match your target market.

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.

Invoice:New door handle assembly - $40Door repairs $126Trip fee $150Plus tax So, the door handle was normal wear and tear (not closing properly)I charged them 1/2 of $126 and $150. 

Seems like you have a great model that works for you and if implemented properly could work for a new investor. 

.… Make sure you give proper notice to non renew his lease (verbal) according to your state landlord tenant regulations.

Looking forward to connecting with others to expand my goals and develop plans that lead to crushing these new goals.