You can also focus on trendy areas like Ohio City, Tremont, or Detroit-Shoreway, where people want to be.When it comes to the property itself, you don’t need anything huge, and you don’t need to go overboard with the layout or expensive design.

Regular inspections and making sure the property looks great not only helps with tenant retention but also attract quality renters.What about you?

This is a solid, predictable income stream.Low debt: With only 7 years left on the loan, you're close to owning it free and clear, which will significantly boost cash flow.Diversification: Keeping the fourplex provides diversification alongside your other investments and W2 income.Local market knowledge: You likely have a good understanding of the local market after 10 years of ownership.STR potential: Michigan has some attractive STR markets, especially in tourist areas.

It’s a landlord-friendly market with strong population and job growth, making it attractive for investors.

Additionally, Miami has seen an increase in demand from international buyers, which has driven up prices and the exclusivity of properties.Sarasota: Although less known than Miami, Sarasota is attracting investors due to its tranquility, proximity to beaches, and the opportunity to acquire luxury properties at more affordable prices than in other areas.

So this could be an area that is just more attractive to longer term tenants?

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

They may seem attractive on a spreadsheet if you are chasing cash flow, but the fundamentals are not as strong and these properties are  disproportionately impacted by capex and operating costs.

The catch is you have to use their designated companies for everything including financing, management, and maintenance.

This is by design because I realized I was very far behind on my retirement savings and had to take drastic measures or I was going to end up working until I die.