I'm sure we could gather up enough cash for a down payment for a single family home but my thing is I see this as an opportunity to possibly turn the (if bought) house into a rental property in the next few years.Feedback on my situation and suggestions would be MUCH appreciated. :)

National, homogeneous real estate markets are a myth used to sell ad space and guru courses. 

As someone who's trying to figure out how to get started, sometimes the negativity just enhances my own fears, which is annoying. 

If you are currently in a position that you feel you can do a quick fix and flip, reduce your communication barrier (client), enhance your speed and efficiency, you will have no burden of "mutual decision making," as you are very well aware, if you are the sole point of contact and decision maker, the project goes much quicker.

They have the directive from their regulator, the Federal Housing Finance Agency (FHFA), to enhance the flow of credit to multifamily properties nationwide.

My fiance is a doctor there and it's definitely past time to shorten the distance between us, and of course I'm looking forward to this next step in building our lives together.HERE'S THE RUB: I just recently became licensed in CA (it's been a plan of mine as I want to invest in more RE) and because 1- I need to sell my primary residence in lieu of moving to Detroit, and 2- my parents are looking to unload a few of their rental properties starting this April, so I may as well make some easy money being their listing agent.As there are a lot of moving parts, it can seem a bit daunting: My tenants' leases will end in May so I can have time to clear everything out, move my things to Detroit, and get the house up to market.I will have to find the best way to step away from my FT job here (as they don't operate in MI) and I've started researching jobs in Detroit****The main complication about the job hunt is: I want to find something that of course will provide a stable income as I acclimate to the new life in Detroit but I also want to have enough time carved out to start finding flips and rentals AS WELL AS facilitate the selling of my parents' rentals back in CA (which is one of the reasons I got licensed remember). 

My goal is to start off building capital, using the "none of MY money down" techniques and eventually purchase rentals to gain passive income.I would like BP to help me become a more creative, well rounded investor.I'd like to encourage other BP users especially newbie wholesalers to connect with me and start enhancing my network and knowledge.

If you have existing equity you may walk-out with a little cash or no money out of pocket -- (this is a maybe, we do not have enough facts yet)Instead of financing your next purchase with money out of pocket, use the equity in your existing property to open a HELOC (Home Equity Line of Credit), use this inexpensive capital to fund your purchase and then later refinance to a permeant loan after construction and new enhanced value.

not what I wanted but it has enhanced my skills and enabled me to learn more about real estate then I could have from a book.  

I'm just baffled my the whole concept.If I were to get a conventional loan with PMI, what are the requirements to get that removed in the future?