[Crawford]

I would not invest in Detroit unless you know the local nuances. There are lots of stories of, say Egyptian or Dutch investors buying 100 Detroit homes sight unseen. These people know nothing about the city/metro, and the locals who know the block-by-block nuances will eat their lunch.

Speaking generally, these homes are cheap for a reason. Detroit has had terrible appreciation over the last 60 years, even though there are positive bursts every 15 years or so, when the latest "revitalization" sets in. If you hold Detroit RE long-term, you're likely to be disappointed.

And the Zillow home is probably worthless. It's in one of the least desirable parts of Detroit, next to a freeway, near a giant polluting incinerator, and surrounded by abandoned factories and bombed-out ghettohoods.