While we are not immune to market shifts, we typically don't see huge bubble bursts. 

Very solid market, been investing there over 10 yrs and the rents continue to climb! 

Perform due diligence by reviewing the financials, market trends, and property condition.

I'd talk to your broker on what it'll sell for after the fact and where the market is heading over the time you plan to own it. 

Look for motivated sellers off market and market via cold calling and or direct mail, geofencing, advertising and the like.A good wholesaler is as @Ericka Parrott mentioned, direct to seller, did good underwriting and can deliver an actual "Deal" whether buy and hold or flip. 

While you don’t have to decide this instant (you could always convert later) it’s good to have an idea of the market differences between mf and condos. 

I come from Europe too, and I know it can be overwhelming when you look at the real estate market in a new country and with completely different building technics ( sticks instead of bricks), but is not as bad when you have the right team in place. 

I've never heard of Kin, but I too am in the market for short term rental insurance.

Given the fact that the Baby-Boomer generation is retiring and interest rates are high (making a buyer's market) I should be in a good place.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)