Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction2.

Also, I’ve read that aiming for an ARV of around 70-80% is ideal for BRRRR—does that align with your experience?

However, I read some bad reviews about them. 10% service fee from landlord, plus 8% from tenants.

You may want to read up on wholesaling as a way to generate some capital.

I definitely agree that it's so easy to fall in the trap of paralysis analysis and reading books and listening to podcasts.

I am certain, I have many more questions and things I should consider and look forward to reading many of the informative posts on the website and look forward to hearing your advice, thoughts and/or questions.Thanks!

Usually MTR comes fully furnished with utilities included, so you pay for the convenience.if the area has traveling nurses, other professionals that come for a few months for work they normally pay more, in certain cases the employer pays the rent not familiar with that particular market,  but worth looking into it.

They tend to all have good incomes, little to no credit, and are self employed with lots of family.

Here are a few stats which should raise an eyebrow about Detroit $1 billion invested in more than 4,600 units of affordable housing over the past five years Job growth with more than 25,000 more Detroiters employed since 2014 A return to investment grade bond status for the first time since 2009Reductions in crime beating national trends, including the fewest homicides in 57 years Successfully hosting the largest ever NFL Draft at 775,000 people over three days In terms of starting out in Real Estate it also makes sense to invest in Detroit considering that the entry costs are low and if you plan to buy and hold, Section 8 makes for a great partner to insure steady rent payments.

All those wannabe wholesalers, please read above.