So as you move down in price point, competition increases or if the deal gets closer to cash flow with lower down payments.

Have your systems and processes in place to have the business become increasingly more autonomous (cleaning, pricing, property management software, automation, etc).

A notable sign of progress is that Detroit's population saw a slight uptick in 2023 according to the US Census—the first increase in nearly 70 years, which shows some positive momentum.I've found Detroit to be a good mix of cash flow and potential appreciation, but having a solid team on the ground is absolutely crucial.

., allowing flippers to invest with lower upfront costs.Growing Job Market: With industries like logistics, healthcare, and tech expanding in Memphis, demand for housing is on the rise.Steady Appreciation: Home values in Memphis have been steadily increasing, providing a favorable market for short-term flips.If you’re looking to get into the house-flipping game, Memphis offers the potential for high returns in a stable, growing market.

All that to say, I highly suspect appreciating home values and increasing rents in the coming years, but current rent is lagging behind home price.-  The current tenant only pays $900 and can only increase a little because he pays with his SS income. - If I were to find some creative renter solution and low-ball the market rent at $1700, I could only put in about $180K total assuming a conventional mortgage to generate acceptable cash flow.So, apart from increasing rent and managing the property myself what are ways that I could make something like this work?

That could greatly increase your premiums or even get you dropped, so don't make that decision lightly! 

Let me share some insights that might help you evaluate your options.Regarding the HELOC on your SFH rentalLeverage and Risk Taking out a HELOC that taps into most of your equity can amplify your purchasing power, but it also increases your financial risk.

The property has become increasingly costly to maintain, and a significant portion of our cash flow is being directed towards repairs.

There are onsite recreational facilities.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

I increased the equity by $200K on mine by freshening up the lower unit and fixing some systems in the building.