It is important to build a team that understands the unique dynamics of this market.Given your experience and substantial equity, sounds like you're in a prime position to capitalize on new opportunities. 

New construction may be an option, many builders are offering rate buy downs and closing cost assistance and then you get quicker appreciation when they continue to build out the community.

@Alex Johnson Detroit-Michigan falls in the middle of the pack regarding "tenant-friendly".As you start to build your Core Four, NEVER believe what people tell you unless they can explain it logically or provide 3rd party proof.Here's 3rd party proof that Michigan is in the middle of the pack:)https://realwealth.com/learn/landlord-friendly-states/https://www.lawdistrict.com/articles/most-renter-friendly-us...

I hope to build our property management up to that level someday. 

Talk to people you see in the neighborhood - do they know anyone interested in selling.Is their landlord ready to retire?

I'm looking to buy a plot of land for $30,000 and build a duplex on it to househack.

That's another good tool for wealth building when used correctly.Once you jump that first hurdle it gets a lot easier. 

We saved lots of money and time, by condo-ing a 17 townhouse complex as well as condo-ing and existing building built around 1900. 

Practical strategies, in this case, can assume a starting point for a person with "x amount" to invest and is ready to start today.

Get rid of debt, build a budget, and save.