Detroit offers solid cash flow potential, a relatively low barrier to entry, and the market fundamentals are improving with a growing population and significant investments in the city.Since you’re based in upstate NY, Detroit is also a quick and easy flight, making it easier to visit and get a feel for the market if you’re considering out-of-state investing.

multifamily and single family both have potential value.

A second STR in a market with year-round cash flow potential might balance out your portfolio and give you more consistent income.

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential.

I know pools are a must have amenity to compete in many markets and I have to admit that I'm a bit hesitant to enter those markets due to the potential liability risk.

Using these parts of local zoning can lead to potential deals.  

In terms of maintenance, they are generally safer because you are not responsible for the exterior and common areas and potential leaks, etc.

A small multifamily property is a smart choice for a first investment—it offers a great balance of income potential and manageable scale for someone new to the space.Don’t worry about being ambitious; it’s clear you’ve done your homework, and you’re already ahead of the game by setting a clear goal.

I chose to invest in 1272 Lakins Rd, Etna, due to its potential in a growing market.

So, they could potentially buy another house later on.