I rarely do 12 mo's because most REP's offer will only be advantageous in one or two seasons and painful in the others.  

Even if he's found some rare assessment in a strange corner of the internet: 1) none of these BR's meet ASHI requirements, 2) none of them are permitted, 3) he's simply using this imaginary re-assessment as a negotiating ploy it seems.

Then, the taxes are ONLY 2400 which is unbelievably rare. 

@Yannes ChiangI really don't feel bad for you ;-) It's coming from a mile away and the tenants expect a 3 percent raise every year so rarely hassle you on it.

In Silicon Valley the termite and property inspections(2) rarely goes over $500.

But in combination with @Brian Burke's advice will minimize the chances of you investing with a Madoff-type syndicator.

What I personally like about Detroit is:1) Affordability compared to LA - I can buy 5-6 good houses (or a combination of 2 family flats etc) for the price of 1 here.   

Was that through your own searches, emails from your agent, combination, or something else? 

Because I don’t want to invest 100% of the $800,000 in real estate, I am thinking of keeping:10% ($80,000) in savings10% ($80,000) in bonds 30% ($240,000) with financial institutions to invest in mutual funds, index funds, and stocks, And the remaining 50% ($400,000) in real estate.My goal is to allocate $200,000 of this $400,000 to acquire a combination of SFR, BRRRR properties and possibly duplex/triplexes throughout the next year or two.

I hear that this rarely happens or that they may force the title to be switched back to my personal name.