@Max LopezYou might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:https://www.biggerpockets.com/...

This feels like a light return on a 485k asset, and my thinking migrated towards selling the property and moving the money out of state and purchasing other rental properties.During my deep dive into self taught real estate investing i came across the idea of creative financing, and started running numbers on my monthly cashflow if I carried the note, with current interest rates, with favorable interest terms to me in exchange for a low down and relaxed qualifying factors, and the hypothetical cashflow doubled.My question is, is this doable for a first time home seller?

If you are buying at a deep enough discount and you know for sure that you will be able to refinance after the property is rehabbed and rented out, it works fine. 

Lots of valuable information and I'm definitely going to do a deep dive into each one and begin taking action.

Have them do any repairs and a great job at deep cleaning the place. 

@Abigail Dickinson,  Here's where you start to get into the deep weeds :).

@Denzel Faulken as typical when asset prices rise, many investors are chasing riskier assets to still hit their target ROI.For real estate rentals, that means usually going from Class A to B, or B to C.You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:https://www.biggerpockets.com/...

There is so much rehab and investing going on from retail and investors with deep pockets (hedge funds), that contractors are booked at retail prices, and finding a good contractor willing to spend time on investor level prices is hard to find, for now.

Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes

I go for deep discounts in properties and I'm not afraid to walk away from any deal.