Detroit can be a fantastic place to invest if you’re prepared for the realities that come with it.

I wish you well in your investing endeavors. 

•The short-term rental market is competitive, but that doesn’t necessarily mean it’s a bad investment.

Welcome to BiggerPockets Rosette and best of luck investing!

Would you mind sharing what spaces you've invested in AZ? 

But I think any experienced investor would agree that if you aren't doing value-add when it comes to real estate investing, you aren't actually investing.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

@Chase AlexanderRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

With your first investment, you want to try and minimize risk as much as possible.

I felt that it benifitted the community expanding the buyer pool and increased the value of all owner's property in that development both owner occupant and investor owners.