Average housing price in Detroit is still really low compared to the national average and Detroit's appreciation over the last few years has been good and trending well. 

(Comparing a near-fatal overdose to putting Cocoa Puffs instead of Lucky Charms in your supermarket cart because you found a coupon in the local pennysaver...)

Although, REI does require a ton of journal entries compared to other industries haha.

Their application doesn't ask for many details, just like when I filled out a comparable form 20+ years ago, although I was legit.

I preferred using Schedule C because of it but I understand why some people prefer using Schedule E from you guys' explanation.Self-employment tax is nothing compared to the deduction I can get for my case haha. 

Charleston RE market definitely not an easy market to start with compared to other markets I've been analyzing deals on.

Do one task at a time in each app so you can compare apples to apples.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.

If it were me I would sell and deploy that capital elsewhere because your ROE is so low compared to buying somewhere with better available financing.

My suggestion would be buy one of each and see how both compare for you, in your market, and compared to your goals.

I consider Arecibo a place with higher crime and drug use and definitely not as much of an ex-pat presence when compared to cities 45 minutes west or less.