Since it is in a phase known as price discovery where as there are no known levels of value until a top is reached, we will have to wait and see what the market determines. 

@James Mc Ree so glad you have determined this to be a good risk to return and invested with them.

Then, with that in mind, determine your mid and short term goals.

It’s awesome to see someone starting their real estate journey at such a young age with a clear vision and determination.

How you manage the investment determines the returns, and you don't have a track record to show that you can manage well.It's possible, but it's going to be difficult.

It’s advisable to consult with a tax professional or financial advisor to determine the most appropriate approach for your circumstances.

In Metro Detroit area, police will not remove these types of occupants (they are afraid of scamming landlord having police remove legal tenants), calling them a "civil matter" forcing landlord to start court eviction process. thats a good question Drew.. but I bet if the police are aloud just a little bit of fact checking and do police work they can determine the fraud very quickly.. 

Market research: Research 3-4 similar properties on Furnished Finder and Airbnb to determine your rental rate.

I'm giving myself 10 years to be successful at this.Turn key properties are best for me right now, as I'm a provider in a clinic and work 3 nights a week in an ER, so my time/energy is limited.Thank you all for any tips, advise or otherwise!

But it's what my thoughts are and determines how we will operate and spend our money.