And private financing can be wise if you are a diligent investor, which it seems like you are:)*If I would have known then what I know now, I would have used my first loan to land the largest deal that I could have. 

Feel free to reach out, my team has experience lending as well

Well said by @Matthew Becker! 

To get started, continue learning through podcasts like the BiggerPockets Real Estate Podcast and books like "The Book on Rental Property Investing" and "Set for Life."

Hi Joshua,It sounds like you’ve got a solid situation—congrats on positioning yourself so well!

I intend to add a closet to the den and make it a 3 bedroom adding value as well as remodel the entire unit.

A-rated neighborhoods will not be affordable nor cash flow well here at under 300k.

Having a local trusted partner to manage your investment properties is key as well. 

•Lender (if financing is part of your plan).Detroit is still one of the few places where BRRRR works well, and cash flow and appreciation are both on the table.

I have been on New Western's deal list as well as another bigger local company and everytime I underwrite these deals there is very very minimal left on the bone let alone contingency funds for going over budget on the flip...