Therefore, it is worth thinking about the risk you're willing to take and the lifestyle you'd like to enjoy while trying to generate your target return. 

Lifestyle: Yes, urban living is popular.

I decided in December 2015 that this was going to be my new career as I am tired of the same old 9-5 job and lifestyle that comes with it.

I think one of the most appealing aspects to REI is the lifestyle that it can bring, and all of the opportunities to grow.Since I am in the beginning of my real estate investing career, i thinking wholesaling and   flipping single family residences will be the better option, just for the fact that I am trying gain some capital.

I think one of the most appealing aspects to REI is the lifestyle that it can bring, and all of the opportunities to grow.Since I am in the beginning of my real estate investing career, i thinking wholesaling and flipping single family residences will be the better option, just for the fact that I am trying gain some capital.

What it shows however, is that there is also a resurgence in the segment of the housing market that appeals to young professionals and others who seek an urban lifestyle, and live in the city by choice, not necessity.Disclaimer: Detroit is very much still a difficult market for the average investor.

And most importantly is your significant other now, wiling to make the same long term commitment to this lifestyle and investment strategy and realize you must purchase homes based on this strategy and most emotion must be removed.

Your question is more of a lifestyle choice.

If you are going to be "house poor" and not able to keep the lifestyle you want, you may want to wait.Is the building already 75% occupied with an empty unit for you to move into.  

Turnkeys and lifestyle design seem the way to go.