An ideal investment that you can make for your future.

I'd recommend AJ's book and videos.

They are first-time business people so they're overthinking the whole LLC thing, but I deal with this all the time.

The problem with people making most of the videos is they have ego problems and they don't tell the whole story.

Although the terms of the unexpected new lease are not ideal, that was not the deal breaker.

The cashflow was good, but starting out with negative equity wasn’t ideal.

It will need Cap-Ex sooner or later, so BRRRR would be the ideal approach here; I'm approved for a conventional loan, but could start applying in earnest for a bank loan, or possibly pursue an option I have to partner up to make a cash offer (this deal is right around that 100k mark where my lender would only reluctantly do such a small conventional loan...another reason BRRRR is appealing).

I have listened to the podcasts and watched the YouTube videos as well, and I'm very excited to become a real estate investor.

Actually there is a great oversimplified Video I'll post below

Being out of state bring a whole another level of complexity, my advice would be to find a house in a B area in Detroit or in the suburbs, ideally with only cosmetics repairs needed (you don't want to open the walls on a house built in the 30's), find a good property manager, put a good debt in place and repeat the process.