The other two options seem to me to be on either extreme side of the equation.

Insurance was calculated using this equation $6/$1,000 of ARV + $500 if unoccupied.

Reno equations are different for each.

A system should take you almost completely out of the equation.

I wouldn't always use the money equation either.   

It equates to 60% down and a builder buy down of the rate plus closing help and it would still look like a bad investment to an outsider who didn’t know about the $100k in taxes I saved. 

(Not putting in down payment money in the equation for simplicity.)That would make sense to me.  

Median price did not impact this equation at all.This leads me to believe that using median price for narrowing selection has more to do with reducing marketing budget via law of averages.

Rather, my leverage increases through utilizing the higher down payments and Recasting; both of which accelerate the cashflow I need to increase my portfolio while simultaneously gaining on the appreciation side of the equation.

How does Detroit with OBVIOUSLY flooded inventory on BOTH sale and rental side equate to a good market to invest in more or less, your claim, the #1 best?