Even though interest rates are high, we have a big Mircron plant coming here as part of the CHIPS act so that could boost housing demand in the coming years.I don't know the SYR market, but I did a quick search for duplexes somewhat outside of the city, and found this: https://www.realtor.com/realestateandhomes-detail/7300-Lakes....

I now live back in CA, and my portfolio runs fully managed, but getting there took a lot of legwork upfront.A few things that stood out from your post:•If you’re focused on appreciation over cash flow, you’ll want to be highly selective in Detroit.

Owner ended up settling with the tenant, but then we had to threaten to sue our own client to get them to pay our legal fees.- Owner must sign a Hold Harmless to indemnify us against any potential tenant lawsuits relating to the work their contractor is doing.--- Another lawsuit resulted from owner's contractor taking down basement handrail to get supplies down the steps, then they didn't put it back and tenant fell down the stairs.- We also negotiate a reasonable completion date, depending on the Scope Of Work (SOW). --- Who gets all the phone calls and wastes time calming a tenant down because the owner's contractor doesn't show up as scheduled after they took time off from work or a 3 day job takes 3 weeks?

I'd say the amount of time for the labor seems high.

You'll be competing on price with owner occupants who are not running the arithmetic like an investor, so you'll often end up overpaying and losing out on any potential cashflow.I'm also 25, and it's great to see other young guys getting started and building wealth. 

For example, maybe you will get to 10, 20, 30 houses and then find an owner who has a large portfolio and all of a sudden you are at a high door count and now need to hire, need to build your policy binder, and all the other stuff that comes with running a business.

However, some amenities consistently deliver high value because they attract more bookings, increase nightly rates, or result in better guest reviews.

These buyers are playing the long game—betting on rising property values and rents, which offsets initial breakeven or negative cash flow.If you’re starting out, I strongly recommend focusing on single-family homes in neighborhoods at the high end of the "low-end market" spectrum.

I had no idea how hard it was on the back end until I was there.

UPDATE:  Just chatted with the city and learned that variances have a high threshold for approval.