(My credit scores are solid.)Thank you in advance for any feedback.

Section 8 can be a solid strategy, especially in cities like Detroit where the rent-to-price ratios often make it worth considering.

Quote from @Todd Boone: If it is, what kind of investment? 

Hi Lina, I'd recommend finding a local agent that is familiar with the investment properties and law, permits, regulations for STRs/MTRs in Kyle, Texas. 

The two are almost entirely different markets in terms of price points, returns, tenant quality, and overall investing strategy.

It sounds like you've gotten some solid direction above, but a few flags stood out to me in the above discussions and I wanted to point them out to help make your decision.- You mentioned this sale is tax free 121 exclusion, which is great, and seems like a solid start to your goal.- The townhouse you're moving into is currently a rental, but you plan to live there two years for the 121 exclusion.

That is tight leverage for an investment 2nd position loan.A private investor might be willing to do it, it's not going to be cheap at all & will be short-term money & will not be a line of credit to take out at your liking.What is your rate on the 1st?

. :)We definitely want to invest in true vacation rentals as well but this will be a good learning process with not as much risk to start.  

Would it make sense as an investment?

Quote from @Tristan Kelly: Investment Info:Small multi-family (2-4 units) buy & hold investment.