@Shafi Noss Improving the land would be the simplest since there's already a driveway, electricity, and an old water well that needs to be jetted again.

We have investors and opportunities in both of these cities as well other some other similar markets not too far from there.

One thing to think about is when doing heloc on primary if you want to refinance you need to get their signoff as well as your primary loan which could cause complications.  

My client's have been happy with the draw process and response times as well.

It’s still flying under the radar for a lot of investors, but the fundamentals are strong.Detroit offers:•Affordable Multifamily Options – You can still pick up 2-4 unit properties at prices well below most major markets, often with strong rent-to-price ratios.

A well connected agent can also tap into their network.. for instance, probate attorneys might know of people seeking short-term solutions.

It costs roughly $100/mo but is well worth the expense.  

I'd try those 2 as well! 

Regardless, I'm a buyer as well.

House hacking is the BEST way to get into real estate investing and that's how I personally got started as well too.