I think it is going to be custom to your business and its something that those who have experience with will do better at.

Here’s how.✅ Do your research to learn what is realistic.Spend time really considering what type of business is going to be the best fit for you based on your experience and how you want to spend your time once you are the owner.

He has extensive experience with hotels and renovations.

Quote from @Tony Schmucker: Quote from @Wale Lawal: @Tony SchmuckerFrom my experience of working with over 400 investors, your strategy to relocate, house hack, and transition properties to management is a strong, methodical approach.

I'm a Michigan native looking to move back to start my portfolio but I haven't really spent too much time in Detroit and would love to hear people's experiences.

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

@Matt PowersFrom my experience, deciding between short-term rentals (STRs) and long-term rentals (LTRs) depends on the market.

This flip at 1272 Lakins Rd, Etna, was a learning experience as it was the first for my business partner and me.

What are other options do we have if we don't have piror experience? 

If you can get a single family home and have roommates, that's the most approachable strategy and will really allow you to know rather quickly if you hate managing rentals or not.Here's my experience starting at 22, and what I regretted from house hacking: https://www.biggerpockets.com/forums/922/topics/1133476-hous...