The exemption actually removes up to $125,000 of your assessed value or 50%, whichever comes first.

I have been looking and doing some research on different areas to invest into and so far I have gathered information on which zip codes to avoid, the crime data for Detroit & neighboring cities/towns, rental values, demographics & economic outlook. however, I haven't been able to narrow down on any particular neighborhood yet.

@Christian Dozier best place to start is local RE groups, find a wholesaler or someone in acquisitions and figure out how to add enough value to take you under their wing.

You get paid for the value you bring to the hour.”

For this example we will use 70% For this formula you will need to know the following:ARV=After Repair Value ( How much will the house will sell for after making all the repairs needed)Repair Estimate - (Send me a message and I can send you a list I got from my mentorship class for ball park estimates based on square footage and depending if you need cosmetic repairs, avarage repairs or Extreme repairs)Your Assigment FeeARVx.70 - Repairs - Your Assignment FEE = Max OfferExample$200,000 x .70 = $140,000 - $30,000 (repairs) - $10,000 (your profit) = $100,000 (offer)Your potential profit is $10,000 I hope this formula helps you make offers that will make sense for all involved in the transaction.Happy Wholesaling,Lily Rodriguez - Investor friendly Broker

I just picked up more all around 60- 75k all in, rents from 1100- 1400 , values from 85k- 125k, 

Keep in mind that are not appraising "replacement value" like an insurance company would use.

If I had not extracted value I would be rolling in cash flow. 

A lot of folks don't know this little tid bit - But if you die owning the property (1031ing every time you sell) you heirs get the property as if they paid market value for it on the day you die (called a step up in basis).   

If you made improvements you want to make sure that the no seasoning product will let you use the higher of the appraised value and purchase price, not the lower.