Best Investment Opportunities in MI

[Nick Hudspeth]

I currently live in Royal Oak, MI. I am wondering what my best option is to start as an investor. I am unsure whether to start with a SFR closer to my location in the metro Detroit area or possibly invest in a STR up in northern MI (possibly Traverse City or other vacation destination)

What areas in Metro Detroit have the best cap rates for SFR or residential multifamily rentals?

Does anyone have experience they would be willing to share about investing in MI? I am open to all suggestions and conversations. 

Thanks,