And use all of the proceeds from the sale in your purchases you'll defer all tax.This does give you some interesting options because you can allocate those proceeds anyway you want. 

Most 1-4 unit real estate investors are using DSCR loans right now for any buy and holds while flippers lean on higher leverage bridge/fix and flip loan options with higher interest rates.

Also Cocktails and Real Estate at Patriots place.BP does have a local meetup section which usually has good local options.

TY You have a few different options, but a cashout refi on the free and clear property is probably simplest. 

In addition to conventional loans and FHA loans, if either you or your wife are veterans, the VA also has a rehab program.I'd be happy to discuss my rehab experience both as an investor and as a mortgage broker, and at least help you think through your options. 

I have first hand experience as an investor which has been positive. 

But a quick google says Jessica Miranda has had the position since April.

While I’m open to both turn-key and fixer-upper properties, my preference leans slightly toward value-add opportunities where I can improve the property and increase equity or cash flow.That said, I’m also happy to consider turn-key options that provide immediate cash flow if they fit within my investment strategy.

Zach’s tone was very, “this is not an issue on us, it’s your criteria that renders you in this position”.

On the positive side, the price points and rent-to-price ratios in Detroit make it a compelling option compared to California.