@Ella Marie the Pro's are you can build long term wealth, the Cons are you can lose money if you cannot properly quantify risk.

Quote from @Michael Challenger: I would connect with local people at meetups, that might give you some contacts for private money.

If you are looking for proper guidance from someone that has house hacked quite a few times and has the knowledge and experience to help get you going in the right direction, I recommend reaching out to @Josh Green.

Happy to connect. 

Have to look at these things properly.

I sent you connection requests.

I know he will be able to give you the proper guidance that you need in order to make a sound decision.

I am only a bit south of you here in Chicago, but I also have some pretty good connections in the Milwaukee area. 

One thing I’d stress is the significant difference between Detroit proper and the surrounding metro areas.

hello everyone I am a new member with one investment property so far and also a realtor! If anyone is looking for their first investment property, don't hesitate to reach out!