Ultra-Cheap rented in Detroit?
I see a bunch of incredibly cheap properties (under $10k for SFH) in Detroit. They are currently rented for about $600/mo and appear fairly close to downtown. I know that people were fleeing the city before, but with such tantalizing deals I am tempted to grab a few on a whim and see how they do!
What are your thoughts? Should I avoid Detroit? Anyone own property there?