Research local rental trends, consult a Detroit realtor, and weigh your needs for stability versus flexibility before making a decision.

The second was a Women’s Real Estate Program that I was given an Advisor and a Consultant that would work me through the program.

Before consulting with property managers, I advise checking in with the HOA managing member to discuss this matter.

Investigate possible investment properties and markets thoroughly, consulting with knowledgeable experts as needed.

But consulting your attorney is definitely a smart move.  

Consult with legal professionals to ensure compliance and protect your interests.Emergency Fund: Maintain a reserve fund for unexpected expenses, vacancies, or periods of economic downturn.Regular Maintenance: Implement proactive maintenance measures to preserve the value of your properties and minimize the risk of costly repairs.Long-Term Perspective: Adopt a long-term investment strategy and avoid making impulsive decisions based on short-term market fluctuations.

Most will provide a free consult. 

Consulting with an independent insurance agent can also provide personalized recommendations based on your situation. 

Always consult your CPA to confirm. 

You’ll also need to hire a FHA 203k consultant.