I appreciate this info greatly.

Overall, my plan is to get as much equity as I can in this market to then invest in more real estate, then optimize in the end for cash flow.Some background info on me: My wife and I are both 24 years old, each of us make a good living for this area and are fine saving money and living in an apartment with cheap rent at the moment.

As a first time out of state investor, I would not do a BRRRR to start until you build your contacts and systems there. 

I have been pleased with it and not just tons of excellent info and resources, but great interaction along with accountability with the focus on taking action. 

The point of contact for me was Adam.

You could reach out to the folks at The Nature Conservancy and they could provide additional info if that route sounds appealing.  

I will definitely be reaching out to you for more info. 

@Shaheen Ahmed you can find all the info you need online if you know where to look - except that the City of Detroit Assessor's Office is consistently undervaluing properties to keep property taxes attractive for investors - to keep improving the city:)Here's some copy & paste infor for Michigan Property Taxes that you might be able to use as a template for other areas - or you could start investing in Detroit:)----------------------------------------------------------------------------------------------------Michigan has some of the most complicated property taxes in the USA.

Thus, I might contact some 1031 QIs if you are looking for someone targeting you as a 1031 exchange partner.Thanks Kyle, this is definitely worth exploring.

You can also contact your mortgage holder to see how to make a principle payment if you don’t pay electronically.