Most who try to replace their W2 income invest in less sustainable investment methods: investing in lower tier neighborhoods that cash flow well in spreadsheets or flipping homes.

Without knowing the specifics of the neighborhood or property I would expect it to appreciate the same as other 1-4 units in the area over the next decade.

So I am not very familiar with PadSplit @Najhae Robinson.All I know is the neighborhood backlash, the nightmare stories and the like.I have heard nothing positive about it.Oftentimes they violate the STR restrictions in cities because they will rent to anyone for any length of time.I would never look at this as a business model personally.

Every home and neighborhood is unique and buyers have a lot to think about!  

I found it by checking neighborhoods.

Thar's gold in them ther' hills", if you know HOW & WHERE to look.We've got all of Detroit's 183+ Neighborhoods mapped on our website - which can help.DM us for more info...

That will meet the 1% rule, but is it realistic in that neighborhood?

Buy solid properties in decent neighborhoods and screen your tenants well. 

The very basics would be getting your furniture and shopping list together, keyless entry like Schlage (with backup lockbox with physical key very close as well), looking into insurance, local taxes for STRs, and moreAlot of ways to save time and make it easier to self manage with a property management software like Hospitable and data research like AirDNA.

He had a client who was debating between buying a small apartment building in L.A. or spreading out capital on multiple units in Phoenix.. after running the numbers with a dedicated local realtro who actually drove around neighborhoods, he opted for Phoenix because he could get more doors for the same cost.