I have been looking into what kind of lending options I would be eligible for on properties for BRRRR or flips.

You can visit the property, contractors, etc where as Detroit will either involve longer travel or trusting someone on the ground when you arent physically there.

@Jason Wray Thank you very much for this response ..I’ve never sold one of my rentals before feels like I’m cutting off a leg and paying close to 100k for cap gains is really starting to eat at me 😵‍💫Any chance you would be so kind as to send me a link to something in the ballpark of what you’re suggesting this way I can get an idea of area and what this type of property could look like!

Find someone who can help you dial down on what YOU want as an asset, and has experience with that kind of property. 

I've visited out there and thought it was a great little area (besides the train...) with a lot of potential.  

Plenty of people are happy they took those kinds of risks.

Most places require 40k in reserves to get a 200,000 HML so it would definitely take a while to save that kind of money up.

Just because you disagree with the conclusion that most people come up with after visiting dogs bite.org does not make it "fake news" or propagandist. 

STR can be exciting from many angles - Cash Flow, Appreciation, and best of all.. having a place to visit while renters pay down your mortgage (even near the beach!).

FWIW, where you are buying is NOT a place that tourists come to visit.