Even if the annual filing fee was $1,600, it would still be worth the peace of mind. 

I would ask to do so right after the public meeting so they don't have time to prep.Previous landlord references are a waste of time in terms of what they will tell you...if the current tenant is a problem, most will tell you how wonderful they are just to get them peacefully & quickly out of THEIR rental.

Doesn't sound like a quiet and peaceful place, full of partying and load noise.

You'd leave a little extra money in the deal but you'll have the peace of mind and likely lower expenses since you know they've been addressed. 

@Barrett Bridgewater My current properties are actually not in FEMA designated flood zones, but I elect to have flood insurance simply for peace of mind. 

You need insurance that functions more like an enhanced safety net.

Peace!

With the influx of untrained title searchers  and fly-by-night Title Companies in the   industry, it is a small price to pay for peace of mind.

A BP podcast had just discussed this idea.Never underestimate the importance of property management to enhance value and increase cash flow.

In Warren there are still houses around 100K , and I have visited months ago and seem peaceful city with old houses, and some people I know already bough houses there around Mile 14 and Ryan , which is my area of interest since I know it from couple of visits.Also I was seeing some people online complaining that Michigan no longer landlord friendly due to extra taxes and bias toward tenant ?