The outcome remains to be seen - this area (and condo complex) commands top of market rents - maybe a rental property? 

The objective:  If they want to sell later they can target a homeowner versus just targeting another investorsub $50K- We're not big fans of these properties but if you get a property cheap enough & can still command the rent then the taxes don't concern you as much.  

Get the full advertising package, if you get military renters you can hold them accountable through their chain of command if need be.

Newer homes seems to command something close to $1 sqft up to 1500 sqft then the larger home prices do not scale accordingly.

And people who check all 3 boxes that I mentioned are very rare, so they command and are worth a premium. 

I would think Dexter would command closer to $1,000 and Ypsi would be around $700.

Let's just say outside of Ann Arbor I can make a 25%+ return on a flip and command higher rents once add value is complete. 

I could see it becoming more trendy in time and prices becoming a little closer to what the other side of the tracks command. that large apartment development is asking top dollar. $2300 for 2 bed units !?

The portion of the property was the "lookout" of Lookout Drive, a piece of land with a commanding view.

First, depending on rank and your command, you could be getting BAH which could be paying down a mortgage.