Some areas have landlord-friendly laws that make property management smoother.Local Amenities and Infrastructure:Access to amenities like public transportation, schools, shopping centers, and parks can be attractive to potential tenants.Market Research and Data:Utilize tools and resources like census data, real estate market reports, and investment property platforms to gather insights about different markets.Risk Tolerance:Assess your risk tolerance and investment horizon.

I have wondered where I might find them for that reason and also to broaden my horizons for real estate investment.

Transitioning from cash flow to appreciation as your primary investment strategy is indeed a significant shift, and it comes with its own set of considerations:Investment Horizon: One of the most significant differences is the investment horizon.

More are on the horizon. 

I don't really see how you make money on the deal and with a five year horizon, who's to say the person you're going to buy from will even honor the agreement or that you will even want to buy the house for the option price at that point in time. 

To be a buy and hold investor here it requires a long time horizon which many people do not have the patience for or very large down payments. 

No crystal ball and since this is owner occupied, it’s more about the quality of life for your family and making memories.. your investment horizon is long enough that any downturn won’t materially impact you, maybe just bring down your property taxes in the mean time if it does happen... congrats on the accepted offer. 

Kinda stilly to buy a new one then sell the next few years.While no crystal ball is perfect, definitely look at what your time horizons are for the property. 

Looking to attend/join real estate groups and networking events to broaden my horizons and make connections in Detroit!

Of course we now have new overly ambitious 5 year goals, but the amount of knowledge here opened my mind and broadened my horizons.