I have been looking and doing some research on different areas to invest into and so far I have gathered information on which zip codes to avoid, the crime data for Detroit & neighboring cities/towns, rental values, demographics & economic outlook. however, I haven't been able to narrow down on any particular neighborhood yet.

If it isn't, sell and hopefully pocket some profits to invest in something else.If it is for you, you could repeat the process and buy another owner-occupant property and rent our your previous.

I’m in the process of stocking my tool belt with all the knowledge needed to take full advantage of my assets. 

I am in the process of researching this subject. 

if your goal is cashflow, but you don't want to self-manage a STR or MTR, then selling to make that equity work harder for your somewhere else is the only thing that makes sense. q: would your time be better spent focused on flipping & letting that rental break even, or going through the process of turning that equity into cashflow via a 1031? 

@Alba Cheung You can initiate the eviction process yourself, by filing an eviction notice at the Fulton County courthouse.

When looking to go the mid-term route, location will be the key factor when going through the acquisition process.

If you are comfortable going through the building process and have a builder that you trust you would probably get the best return by building on the lot and then selling and deploying that equity that you have now built into another asset via a 1031 exchange.

Background:I'm in the process of saving up so that I could possibly get some property in NYC in about 2 years.

Hello all, I am reading on the real estate investing process and i plan to buy my first property with an FHA loan, however, as i am no one with any experience on rehabbing i have this concern of pricing.So when i find a property and get to the inspection part, i understand they find issues with the house, some which can be minor and others major.