At some point if you're doing well, maybe turn the first one into STR or LTR, and do it again.   

The information contained in this post is not to be relied upon.

You can refinance into a FHA 203k or like @Jason Wray mentioned you could even use a Fannie May homestyle renovation loan as well!  

Welcome to the community and be ready for a huge amount of information at your finger tips.

Sometimes paying a premium on a home also guarantees a higher demand in the neighborhood and with that may come a higher demand for a rental as well.  

The process must be understood and applied to team building, investing your and 3rd party capital, and financial deal structure with debt and equity sources. 

Sounds like you are already on the path to being an out of state investor and with the right team that can be powerful.  

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

Start with one close to home where you can learn and build a team.

You MUST understand this as the suburbs are usually much nicer than the city.All of these challenges are why we have a map of Metro Detroit on our website with the cities in Macomb, Oakland and Wayne Counties listed, as well as 183 Neighborhoods in Detroit.The majority of the 48235 zip code is Class C, the question is, do you understand what that means?