You'd have a nice little portfolio valued around $1.5M and you'd only be out of pocket $100k!

I send a message asking if everything is good with the house and we leave a nice treat in the fridge from a local German bakery.So after 10 years we get a response like " The house is beautiful we appreciate the attention to detail and thank you so much for the treat"This sets the stage for a 5 star review.

One nice thing for you is that move in fees are income, whereas security deposits are not (unless you can claim damages). 

The rents are still growing on the smaller ones too as I think the rents compare favorably for people coming in when they look at a nice hotel room for 150k to 200 a night or a one bedroom cabin for 200 a night. 

That will give you a nice little boost on cash flow.

But some nice spots for first-time homebuyers. 

A nice SFR (single family rental) brick home or perhaps a duplex but for your first purchase actually, wise to just stick with an SFR to keep it real simple.

That creates a really nice price / rent ratio which is favorable for investors looking for cash flow.

It is in a nice neighborhood. 

Sure the million dollar suburbs are nice if you have that kind of money and are playing the larger appreciation game but dollar for dollar pound for pound when it comes down to rent to value ratio its difficult to find the same kind of cash on cash returns section 8 rental properties offer in Detroit.