Additionally, I'm banking on a future opportunity to refinance.After less than a year, here are a few tips from what I’ve learned:*Hire a local STR expert real estate agent to guide your investment location.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

Drywall, for instance, is an art, you can't just watch a YouTube vid a become an expert. 

What new apartments are permitted around it...or 1/2 way thru construction, but not on the market.How do you become an expert or master it.....probably like any other skill...practice. 

@Jake Knight is the expert for the Indianapolis area - he has been doing property management for year. 

I really see Columbus Ohio as an extremely safe bet for the next 10-20 years.

Rentals are extremely difficult to make pencil right now but would only personally consider higher end projects because the costs are far easier to absorb than trying to build in lower value neighborhoods.

Additionally, the boots on the ground partner has to be extremely trustworthy.

Raising capital with your existing track record is going to be extremely challenging.

I've worked with many investors in seller financed transactions and an experienced buyer agent would be extremely valuable to you.