Originally posted by Alex R.:
I used to live in Toledo, Ohio and worked in Ann arbor, MI.
This seems to be a good deal if Madison Heights is not a war zone or drug dealing gangs territory.
I heard in Detroit there are plenty of houses that are vacant and abandoned. State will appreciate you much if you take over some, so those properties will not be their problems anymore.
Madison Heights is not a war zone or gangland. It's safe to walk down the street at night by yourself. Detroit is a nightmare. Lots of crime, no police response, etc.
Check out Warren, MI. You can buy a three bedroom house for $10-20K that will rent for $700-800. It's not a war zone. Lots of property crime, but little violent crime. Every third house is abandoned. The problem is the government. They are a gestapo and require ridiculous inspections and permits. It's not even worth buying there anymore. Great deals if you can put up with government abuse.