This allows you to hit the high season at full speed and like you said, refinance your payment as rates soften next year! 

Check Greatschools.org or Zillow.com for school ratings.Investment Strategy:A-Class Properties: Lower risk, lower return, suitable for long-term investors looking for stable, high-quality tenants.C-Class Properties: Higher risk, higher return, appealing to investors with limited capital who can manage more properties for less initial cost.In summary, choose your investment neighborhood based on your risk tolerance and desired return.

If you do not, you may get bids from contractors that can not be compared to each other because the contractors have a different view of the quality of work or materials you envision.

Arizona and going for quality properties vs. quantity and long term goals and passing on generational wealth. 

The median price is still just $90k and I wouldn't be surprised to see it double again pretty quickly.The other nice thing about Michigan is property taxes are capped at the rate of inflation with a max annual increase of 5% per year.The biggest drawback of Detroit is tenant quality IMO.

High likelihood of low maintenance for at least the first 5 years, depend on the build quality of the house.

No matter how well maintained, the quality of being brand new no longer exists once it has been lived in.

Having issues with getting quality tenants in the home.

You won't be managing from afar, so find a quality property manager before you find houses.

Key factors include the quality of the renovations, market conditions, timing, appraisals, and presentation.