Check out this article from the Detroit News
http://www.detnews.com/apps/pbcs.dll/article?AID=/20080215/BIZ/802150373
I do business in Detroit. I am a rehabber i(extraordinaire), and I am also an investor, however with the market being what it is, it has become harder to find funding for projects…
If you know what you are doing, and you have the right team of professionals, you can make alot of money in Detroit right now. There are pockets of properties which are not only holding values from a few years ago, but are also increasing in value…Caveat Emptor