Lansing, Michigan

Meanwhile, consumer sentiment took a sharp hit, with the University of Michigan's October index falling to a record low of 51, signaling heightened risk aversion.

@Gin Zhuang The Ciy of Flint, Michigan had a major issue with lead pipes a few years ago that scared a lot of people.What people fail to realize is that MANY homes in this country, built before 1950 have lead pipes from the city supply and may have internal lead pipes. 

@Mary Jay , You are probably looking at tax on a lot more than $235K.

Other key releases this week include housing starts and building permits on Wednesday, existing home sales on Thursday, and the University of Michigan's final consumer sentiment reading on Friday.

@Mary Jay  No!

Hi @Ken M.!

It's a choppy market to be selling homes in Southeast Michigan at the moment and there doesn't appear to be a shortage of listed properties in Belleville. 

Hm, I've seen a fair amount of deal flow in different markets from FL, to TX, MI, OH, SC, NC and TN, and have seen these 65-70% of value purchases, but also find thats somewhat standard, even with cosmetic to definetly medium rehabs. 

that is odd..... but normally the owner does pay the HOA in Michigan - however, it could be negotiable so i would check with the landlord on that one.