Fannie now allows for a Parent to purchase a property for their child and it is considered and priced as a Owner Occupied loan.

With the respect that all humans and in addition our elders, deserve.Quoting a line from Fried Green Tomatoes "I'm old, I'm not a child."

I am very familiar with that property - lived there since young child/worked/currently own properties in area.

I have about $75k with about another $40k by the end of 2021 but am undecided on where to focus my efforts...

Ultimately, I became the poster child for YIMBYs but it was not easy.

Unless you really believe the Ann Arbor market will appreciate drastically in the next few years, or plan to move back or have a child move in or similar, I think you may find better appreciation (especially if willing to accept cash negative or similar) in the San Diego market. 

. :) My wife and I just had our first child, and this strategy is enabling us to have her stay at home.