We would buy this house all cash. 

You see a house on google street view, bid like there is a house there, and you bid your $50,000 minimum bid up to $100,000 for your $200,000 house. 

We have 40k in cash and 100k equity in our current residence, but we don’t want a larger house payment than what we have already.

Housing costs continue to be a major contributor to inflation, with shelter prices rising 0.6% in January, keeping pressure on affordability.Despite these inflationary trends, the Federal Reserve is not raising rates and is keeping its benchmark interest rate steady at 4.25% to 4.50%.

A HOUSE BOAT?

I grew up in RI but moved to Boston for college and have been in the Boston area for 15 years.

https://treas-secure.state.mi....some things to keep in mind:-Non owner occupied properties pay 18 mils more in taxes in Michigan - Even with the SEV you should plan that the SEV will go up.

Buffalo is predicted to be #1 2025 Small City Housing Market of the year.

Although multi-family properties is a term used more in the US and converted itself into a proper investment strategy, this is also possible in Spain (or anywhere in the world).

How high can housing prices in the City of Detroit go?