First, I recommend to get a lot more education on this as the terminology you are using is confusing as you talk about buying a second mortgage which is literally buying a second mortgage, but it sounds like what you are talking about is buying a property at foreclosure auction whereas it is being foreclosed on by a 2nd or HOA. 

Since you're speaking to a 50k impact fee, that sounds like you're on the west coast.

and it sounds like you're building equity in your primary which is great.

And the ability to continue to harvest depreciation over the years with an extremely durable asset is key.Last thing that didn't get mentioned specifically I don't think is the "tide effect" of inflation. 

Starting with BRRRR in Detroit sounds like a solid strategy, especially with your goal to recycle capital.

To me, that sounds risky.

By creating an appealing listing, responding to inquiries efficiently, conducting effective showings, and choosing the right tenant, you’ll minimize vacancies and maximize your rental income.

Yes, Ohio something Flow... sounds leaky to me.. ;)

This might be a little weird but I came across the post because I'm looking for information about REIReply.REIReply is a real estate marketing system built on Go High Level's white-label plan.And I use and love GHL because it's more than just a CRM BUT it's not specifically built for real estate investors.That's where a company like REIReply might come in.You see, several digital marketing companies use GHL to run their businesses and many of them, my company included, have developed powerful follow-up systems.However, the problem is that GHL is only as good as the templates, campaigns, etc that are built within the system.While I have almost 20 years of digital marketing experience and can build effective and powerful campaigns for me and my clients, I don't have nearly as much experience in real estate.Ergo, I'm considering REIReply.If they are as good with real estate marketing as I am with my company's marketing, they have a killer deal.

Short-term usually not - unless it's in Scottsdale of Malibu :-)This sounds like a big no.