“Ok, well, what if these economic signals are not a sign of a normalizing economy, but of one that may be approaching recession….?”

Well? 

Well, I guess this says it as well as I could.This growth in ADU establishment goes hand in hand with progressive changes in Michigan's zoning laws.

Well done.My 1st comment is outside of my area of expertise.

Since you'll be investing out of state, establishing a good team will be crucial.

They made contact with me as well but I don't want to get sucked into a scam. 

You don't have to spend a fortune and buy a house directly on the beach to do well, but your starting price point for a viable option in this market is around $350-$450k for a solid 2-3 bedroom oceanfront condo or around $500k for a 3-4 bedroom house within walking distance of the beach. 

As stated previous neither lender would want to take the second position as well. 

Or, you'll get so well known that other investors will want to fund your deals.Below is a piece we wrote about how to build your network and search for deals.

We have a niche market due to the hospital and university which has pros and cons but my properties have continued to perform well for me.