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

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.

The income is a nice cherry on top to my monthly rentI reached out to like 3 or 4 vendors and got pricing.

In renting this property, I've been able to amass a nice database of potential renters in the area. 

Drive around the neighborhoods that are a) close to downtown, b) used to be nice but fell onto hard times and c) look and feel like the area is starting to gentrify. 

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

The appraisal costs on something like that would be pretty high as well.If you go the single asset route, you might get a nice little discount on fees by doing multiple at once.