Hi Karen - Building strong, reliable relationships with a few key lenders can simplify the process and build trust over time.

A few general tips - look for markets with strong economic growth - job growth, population growth, network with other investors in your area and check which states they are investing in, for out-of-state investing - work with someone who has your best interests at heart and is also an investor who can easily plug you in with their network (GCs, lenders, PMs).

With a fresh perspective and a strong desire to learn, I am committed to building a solid foundation of knowledge and experience.

Looking for $100-300 cash flow per door is commo, just focus on strong cash flow and manageable rehabs to have a solid growth.

I'm currently based in California FWIW.Detroit has a lot going for it: affordable properties, a solid rent-to-price ratio, and a ton of neighborhoods with strong rental demand.

All of them would have strong pillars that go into the ground, so it's stable and safe but has a treehouse look.

If you employ the BRR"R"RR strategy now, you’ll be in a strong position to capitalize on discounted properties and refinancing opportunities when the market conditions align.In short, while the BRRRR method we once knew has become harder to execute, adapting it to BRR"R"RR makes it a viable and profitable strategy in today’s market.

Over the years, I have 1) invested heavily in education (underwriting, financing, market analysis, asset management, identifying macro/micro trends per market, etc), and 2) developed strong relationships with a network of accredited investors who are interested in diversifying and jumping into the multifamily space.

I am aiming to keep this long term.I plan on asking for repairs but I strongly doubt I will even get a discount.  

Since you already have significant equity and savings, you’re in a strong position to get started.