If STR regulations come to the area, my plan is to do MTR and while it is not as much revenue as STR, I should be able to generate a decent return over a 5 year minimum hold. 

We have separately been involved in investment real estate for several years, and we are now planning to start a new business together with intent to invest in long-term multi-unit rental properties in the Carolinas. 

I have also aquired vacant lots that I plan on building duplexes on...

I am planning on changing that this year as well.

TIA all opinions welcome I’d start with talking to the planning department of that municipality to see what the property is zoned for and what the allowed uses are in that zoning. 

My plan is to purchase single family homes and rent them out using the BRRRR method.  

The property was partially redone with flooring and some of the stainless steel appliances being able to be reused.

@Oliver Martinez you could have used the "@name" format to include everyone you wanted to reach out to on a single response, instead of entering 6 copies of the same message:)Unless you plan to live in the property (owner-occupied) you will typically need at least 20-25% down to get a mortgage - unless you find a private investor to fund your acquisition.Also, as you've found, most of these lenders have minimum loan amounts of $75k-$100k.Unless you are a VERY experienced investor, we don't recommend buying rentals in the City of Detroit under $80k.

Our team has been quite satisfied with its capabilities for long-term rentals.As we look to the future, we're planning to expand into the Short-Term Rental (STR) market within the next few months.

Been thinking about this question a lot as I work with many real estate investors and I plan to be one myself.