Your team can stay local.  

Sec. 8 works well in some markets and it can be a premium and successful for locals who own a bunch of them and run them with an iron fist..

To get familiar with the area, network through local real estate groups like AZREIA, connect with multifamily brokers, and explore neighborhoods firsthand to assess tenant demand. 

(Hint - go on VRBO and see what your local competition is charging). 2) How much do you intend to put down?

Unfortunately.. locals will still be upset either way.

Franklin Home Store and Vacasa are 2 local ones I found with a quick google search and I have no idea what they charge.If you want to consider the self-managing route, DM me and I can walk through the details.

Costs vary but can range from $1,000 – $3,000 per unit.Water/Sewer: This is more complex and may require approval from your local water authority.

If it is your first investment, highly recommend investing locally unless you have people you can trust in those out of state markets. 

@Muriel Hair here's some articles about Detroit increasing over 20% in 2024...https://detroitmi.gov/news/detroit-home-values-increased-ave...https://www.cbsnews.com/detroit/news/detroit-home-prices-amo...https://www.detroitnews.com/story/news/local/detroit-city/20...

Follow the local licensing and disclosure laws.