Insurance costs are going up like crazy.

Would highly recommend @Keith Mintz for this case, he knows San Diego like the back of his hand. 

We would like to refinance as soon as possible after the build to recover all or most of our initial investment.

I'd also like to plug Bigger Pockets because of what you said, but also because of the education you can get here on the website.  

Not only did Detroit beat every city in other popular Midwest states like Indiana, Missouri, Ohio, Wisconsin, etc...Detroit beat every city in the super popular states of Arizona, California, Florida, and Texas - Detroit beat them ALL!

Prices in Detroit are likely to keep going up.

Old and outdated buildings - These non brick built in 1900's buildings are 95% likely to need a full gut rehab, and at the asking prices or even under, these major scale rehabs don't make too much sense.

With strong rental demand, affordability, and plenty of value-add opportunities, Birmingham is looking like a solid market for investors.

Some brokers (like this one) work with 220+ lenders.

@Guifre Morai am searching for a HELOC or refi so I have some capital to take advantage of any future deals, sounds like HELOCs have been frozen, anyone have any info.