I know that is a big goal to reach, however, where should I start?

The goal is to opt into as many broker sites/lists as possible, so they start sending you OMs, and you can start underwriting deals.Then, you can start scheduling tours on some of these deals.

If you don't want to have roommates it's getting tough, for most of my investors who are looking for heavier cash flows I've been recommending doing furnished rentals (short or mid term), looking at higher cash flow commercial deals like NNN or other cash flow focused syndications/funds, or investing in a debt position if cash flow is the biggest goal. 

What exactly is your goal here?

@Nikki Nicole Detroit is amongst the national leaders in appreciation and growth.We have the goal of helping OOS investors make the right decisions when investing in Detroit!

This would qualify the property for long-term capital gains treatment. also, if you command decent rents, it’s going to help you flip that property at a higher price point with solid tenants.I also agree with the sentiment that if you decide to flip it and pay tax that’s a good problem to have because it means you made money on your flip and that’s the goal!

If you can give us a little clarity into your background, goals, and location experience then we can help give you a better idea of what to prepare for. 

If need be, I might go up to maybe 5%, but 1-3% is my general goal for increases.

It does come down to your goals, your time to allocate, your business sense, your ability to bring or raise capital, and what you are trying to accomplish.I am personally not a fan of short term rentals, as it appears regulations in many cities keep making it harder.

Just like any strategy it depends on your goals and how a MTR fits into those and your other investments.