As someone born and raised just outside of Detroit who later lived in West LA, only to return to the D, I am often asked by my peers: "What were u THINKIN?!!"
That said, for the near term, I am here to stay..."for better of for worse." I make a living here as a high-end residential contractor, builder and investor.
If you want to talk to someone who has been there, done that, I'd be more than happy to let you in on some local expertise, and open a dialogue with you vis a vis making money in (spite of) this market.
With the right plan, the right people, and the right property, there will be tremendous weath created (and lost) here in the coming years.
Artisan Home Improvement
saymmm3x at a-o-l dot com
If your going to rehab a house you probably want to put security at the top of your concerns because the surrounding neighborhoods are not as "nice" as this one.
We are in the process of selling our home. If you interested give me shoot me an email via Trulia. Its in good condition and we just want to get out of it.