Additionally, it feels the most appropriate approach for both profiles I described above and allows me to focus on learning one strategy.

That said, Detroit is very much a block-by-block market, so understanding the dynamics of specific areas is critical.For professional investors (and even newer ones), Detroit’s future is bright if you approach it with the right strategy, solid due diligence, and an understanding of the challenges.

These accountants believe that purchasing from a related party is fine as long as it is an arms- length documented market-consistent transaction.   

Working with a turnkey versus trying to find a BRRR deal yourself are two completely different strategies.

The HELOC strategy may work, but many lenders are wary of putting a HELOC on an investment property and if they do they still cap LTV at 75-80%.

Regards,VivienHouse hacking a 2-4 unit property is a convenient way to get started and a useful strategy for growing your portfolio!

@Reeti PeshawariaThis is a bit tricky to do since STR regulations are an emerging political topic so regulations are consistently shifting.

Welcome, Don - Are you interested in any particular strategy?

As a side note, my wife and I work full time and are looking at strategies that are less time intensive.

That should tell you all you need to know about your strategy to find best debt terms.