One thing I’d stress is the significant difference between Detroit proper and the surrounding metro areas.

@Ko Kashiwagi My understanding is that one can still execute the BRRRR strategy and successfully cash out, but due to high interest rates, the rent may not cover the mortgage.

No One?

I recently purchased a second foreclosure property, another condo on the east side, and am looking forward to flipping this one. 

Sorry one additional item I hit post too soon...The reason I asked about TIA is because you generally want to get a contractors opinion of cost prior to lease during that negotiating phase so you know how much that TIA covers and what you'll be coming out of pocket for.  

I started listing the homes one by one as they became vacant, and we were doing okay with getting them sold - in 2012, that was no small task.Jeff called me one day and asked me for CMAs on the next few properties that would be coming up.

They property manage and you get cash flow..Any one heard of them, before I incest $15K with them, Below is thier websitehttps://sharecommunitydevelopmentcorp.com/

So, Anca, your parents can 1031 from one property into more than one. 

The more common one is a flat value for the ADU, like they would for a pool or another bonus.

A contractor left a back door open one day and someone walked into the house and stole $2000 worth of tools.