A diversified portfolio can include both!

Every broker (including me) has the ability to give a 0% origination fee WITHOUT increasing the rate.

Updates include a new septic system, wall-hung boiler with radiant heat, and a remodeled kitchen with new appliances and an island.

Jonathan Having worked most of those markets (Detroit included), I'd say most all of them will offer investors a very similar return.

As for holding a home and building another one - be sure to include carrying costs of the first home while building the second.  

I’ve been in this unit for almost a year now and I’m thinking about moving out and renting an apartment for $1000 a month all utilities included.

If you are looking to just calculate profitability, set how much profit you want to make then:ARV - Purchase Costs - Holding Costs - Selling Costs - Desired Profit - Rehab Budget (including contingency) = Maximum Allowable OfferIF you cannot calculate those numbers, a spreadsheet isn't going to help you. 

I live in a VHCOL area in Colorado in the mountains (~3.5 Hours from Denver) and single/multifamily homes in this area are extremely expensive.Things I am currently considering to get started include house hacking, STR, and real estate syndications.

He is great with investors and can find deals that cash flow much easier, including some off market stuff.

Once you’ve made all of the rookie mistakes and have your SOPs in order, you can go invest out of state with a game plan.