If numbers work and risks are manageable, this could be a solid house hack!

If you plan to self-manage initially in MI but go full management in Detroit, you’ll want a very dialed-in team.

We do the leasing for them, but once we get the tenant in place, turn it back over to the owner to manage. 

Have been talking about getting into real estate investing for the last 2-3 years and finally pulled the trigger on a 3 unit house hack in Soulard that will be closing later this month and will be self-managing the property.I'm trying to network a bit with other investors, build a solid team of contractors / handymen, and set my systems up in way to scale, but also so my tenants have a good experience.

In 15 years of management and 20 years of investing, I've never had a break-in on a vacant or occupied unit.

I immediately recognized that the listing agent/property manager had the current rent well below market & the asking price massively wrong.

Property managers and agents can be really helpful as well as they’ll give you insight into the market and could have some opportunities for you down the road.In the meantime, try researching the areas you're interested in.

We live in Northern Florida and manage our 10 long term rentals and do flips in northern Florida and we decided not to go that route with this south Florida home after we started digging into it.  

Property management vs. self-managing:Self-managing—at least in the beginning—can be invaluable.

I've learned a lot on the managing side of the business, as well as the rehab side DIYing a lot of the work myself.