Keep in mind my comments were given with only knowing the details you provided in a post so I don't want to come across as a know it all. 

This was my first deal, and house hacking made the most sense because it lowered the threshold for risk in my mind.

The population is officially growing again, and there’s been a lot of investment in infrastructure and development in recent years, which makes it unique compared to some other Midwest markets.One thing to keep in mind, though, is that Detroit is very much a block-by-block city.

Even in those cases, it’s difficult to create a significant gap between the purchase price, rehab costs, and ARV (After Repair Value).Investing in today’s market is incredibly challenging, and I’ve found that the BRRRR strategy is one of the least effective approaches right now.Let’s keep in mind that BRRRR gained popularity before 2020.

If you're prospecting the entire coast, just keep in mind travel times for tours and be mindful of the weather.

My most aggressively priced lender also does not mind  :)

Here are a few things that come to mind. 

Land is only good if you have a warchest to immediately turn it from dirt to cashflow or sale so keep this in mind when you're going forward.

If you have no facts, then yes an appraisal can be your ticket, but also keep in mind how your state manages assessed values.

Just be sure to clarify that she isn’t a leaseholder but is authorized to reside in the unit.If you’re concerned about liability or want more peace of mind, you could ask the primary applicant for additional security, such as a higher deposit, depending on what’s allowed under Colorado law.