Investing out of state can also be a solid option, but may pose some different challenges.

Challenges?

However, this might involve significant upfront costs and logistical challenges.

@Vadim Feygenberg it will be challenging to find funding for that small of a project in the City of Detroit.

You entered RE at a challenging time.  

Rate is reasonable at first glance but yes rates are moving down and should continue to shop, get quoted, can be major changes day over day10% Down DSCR doesn't exist and has never existed to my knowledge so I wouldn't count on that15% down does exist and is rare, however as others have noted, usually it doesn't actually work since the restrictions, such as a high DSCR ratio or LTR only rent qualification (and high rate environment) never let the numbers work however as rates continue to fall we may finally be able to see some 85% LTV DSCR Deals actually pencil again!

LEGAL CHALLENGEThere is a lawsuit challenging the law.

Your challenge is to make your request seem like it’s part of their regular, bureaucratic tasks. 

It is much harder to push tax increases when we are in a stagnant or even deflationary environment.  

The lower value / class rentals while are more challenging to manage also rarely bring out the cash flow you thoughtIn my B and A rentals I have had very little issues or challenges.