I eventually gave up on the four unit and ended up buying a six unit for my first deal. 

Eventually, the LOC will pay down and you can draw from it and throw the money at your home loan.

@Nathan Frost uhm, not sure you understand Detroit market.Motion lights & cameras may work half the time at best.Too many insurance claims will get you cancelled and eventually black-balled.But, what do we know after 24 years in the Detroit market...

Condo convert this so you will separate the property into 2 APN's thereby, somewhat, making it exempt from rent control  if done strategically. 

.: @Yori DeanYou will have to eventually need to deal with the new law that they passed regarding wholesaling. 

After that I moved to Colorado to manage the investment and I started purchasing shares and eventually paid off the remaining investors at 100% of their investment. 

All that being said, there seems to be rather over-the-top and ill-informed postings regarding converting these notes to equity.

We were both born/raised in the area and my family still lives there so long term we will eventually move back ourselves. 2.

In a matter of fact I can say pretty confidently that most SFR eventually would cash flow.

It is close to the downtown area but the majority of area is bigger lots and on the other side of a prominent hill that gives it a more out in the country feelFoothills is the most exclusive areas with higher price points and lots of upper end shopping and diningMarana and Oro Valley are the newer "suburban" areas of Tucson that have the laid back walking and biking paths, golf clubs, snow bird / retiree type activities that draw visitors in and then get hooked and eventually buy homesIf you haven't tried Tucson yet, there is quite the variety and with snowbirds leaving, there are plenty of current STR's ready to host you as the summer warms up.