I recently helped a friend who was in a similar position - looking to tap into equity for a rental property purchase in Phoenix.

It really depends on your comfort level and long-term goals, but even if you want to get into multifamily long-term, SFR may be the best option to gain some comfortability.

There are plenty of investment opportunities in the Detroit area as well which have the potential to offer immediate value, so I would weigh your options with care. 

Great to hear that you are exploring your investment options and learning about the different options you have.

Coaching is a great option if you're looking to take action quickly.

Options - collect full payment for the 3 months up front and lower the deposit to secure against damages only, require insurance.

Being in Arlington, you’re in a prime area for finding multi-family units with strong rental demand, so you’re in a great position to make this work.We’re excited to have you here and look forward to hearing more about your journey!

Are there any options out there that won't tear away the margin on flips?

I'm looking to identify a builder with the following characteristics:1) Eager to grow his/her company and reputation in the market2) Has produced at least five high quality builds in Arizona which are at least 4K sq ft  3) Has proven track record of completing builds in a timely manner4) Personal capital to allocate to projects (optional, but ideal)Please reach out to me if you or someone you know might fit these criteria. are you set that you want luxury?

I was looking for some advice (viable target areas in Cleveland or Ohio in general, financing options and credible PM/realtor contacts) from the experts here though especially if you are in a similar boat as mine (reside in Canada/Ontario area and invest in US).