Typically 10-12%, unless you have a pretty big portfolio.What about water/sewer, lawn care, snow removal, and admin/professional costs.I bet you end up between $800-900/month cash flow, but that's still really solid!

The building is solid construction built in 1961, 11,000 sf, well-maintained exterior so not much deferred maintenance, if any at all.

Find a solid agent and get familiar with the areas you want to invest. 

Do you recommend those areas for solid ROI?

@Elizabeth Zielinski - there are plenty of blue-collar type neighborhoods that are close to Detroit that have solid tenant bases and are much lower-maintenance compared to Detroit proper.

Also identify a solid property management company while you are there.

Pick a solid B-Class suburban area.

However, a negative cash flow each month where you are "making your money" through "hopeful" appreciation in the future, isn't a solid investment in my opinion. 

Looking to connect with like minded individuals, both locally and abroad, to grow and learn with, to challenge and encourage....and possibly work together to analyze and finalize on some solid deals!

How solid is this team if you have not been to the areas?