Where to buy a rental home in Metro Detroit..HELP...first time!!!

[Fred Buechel]

Hello All!!

I'm getting into the rental world..I've in Metro Detroit (about an hour North of Detroit proper). Any of ypou familiar with this market, please comment. I have access to about $60k (for a down payment) on a HELOC on my home to purchase my first property. Not sure what area I want to get started in. Does anyone know the strongest rental areas in Metro Detroit? Would it be better to just purchase a cheap, small home and get my $900/month for it to start out, or should I try to buy a home for $150-$200k and get higher rent premiums ($1500-$1700) , and likely better tenants..

Any help is appreciated..

Thanks in advance..

[Bala A.]

@Fred Buechel

My personal preferences for Rentals:

Detroit City - West side - Grandmont Rosedale, Bagley, Aviation

Detroit City - East side - East English village, E Outer, Morningside

Metro Detroit - East side - Eastpointe, Warren

Metro Detroit - West side - Southfield, Farmington, Inkster, Dearborn