A solid SFR with no major repairs needed, and in move in condition, generally cost 40K-59K and will get you into a decent enough area to  attract a quality tenant.  

Anyways to attract guarantors to this deal?

You really have to drive street by street to see what kind of tenants you will attract. 

MDI is a major tourist attraction. 

Because they know those properties aren't always the nicest, they often aren't in the best neighborhoods, and they ultimately wouldn't want to live there either.What can make or break your investment is the quality of tenant(s) you attract and put in the property.

Real estate investing has become virtualized, and a property that offers attractive cash flow and value can be offered on by non-local investors who are very eager to jump at an opportunity better than those available nearby.

We are planning to update the bathrooms after our current tenant moves out, which should make the house much more attractive.

We plan to remodel the bathrooms after our current tenant moves out to make the property more attractive to tenants.

I waited 91 days before putting the house back on the market, so as to stay compliant with the FHA Anti-Flipping rule since I sensed we could attract FHA buyers.

It’s a great attraction for tourists.