3) Michigan has no licensing for property inspectors, so it's a crapshoot.

I would encourage you to buy a duplex next as you should always have a rent check coming in.If you do not have cash flowing duplexes by you, you can find an investor friendly Realtor, like in this forum, and consider places that do cashflow like Michigan and they can introduce you to the rest of the team that you will need.To Your Success!

Quote from @Ken M.: I was asked by a couple of people to compare doing a Buy & Hold Rental using conventional financing and buying Subject To with selling to a Tenant Buyer and what that would look like.This is an actual deal I recently did.

Quote from @Ken M.: I was asked by a new to real estate couple, to compare doing a 20% cash down, Buy & Hold Rental property using conventional financing and buying Subject To and selling to a Tenant Buyer with creative finance and what that would look like.This is an actual deal I did.

In the Midwest states like Ohio and Michigan, you can get great single-family homes in good neighborhoods for around $100k that will rent for around $1000.

Investment Info:Single-family residence private money loan investment in Lake Mary.

If you want solid cash flow and scale fast, I'd look into turnkey long-term SFH rentals in Midwest markets such as Ohio, Michigan, and Indiana, as they have lower prices, strong rents, and landlord-friendly laws.

I’ve been looking at Memphis, Kansas City, Indianapolis, Ohio, and Michigan, and I’m also interested in areas near military bases since I’m a veteran and understand the steady tenant demand those areas can bring.I’d love to check out the Nashville resources you mentioned — especially if they include zoning breakdowns and investment insights for STRs or long-term rentals.

You just got pre-approved and are ready to make your first investment in a rental property.You are worried about rates and margins on your investment.If you can buy a value-add duplex near you, ideally with tenants in place, I would look at doing that or live in one side of the duplex and put less down.That way, you start with cashflow and can prepare to improve the property and increase rents when a tenant moves and you should always have a rent check coming in.If you buy it well enough, you can refinance the property and pull out a home equity line of credit and go buy the next duplex in a short period of time.If you cannot find that near you, there are several markets in Michigan where you can and we have experienced property manager partners who can handle the rehab and manage the property well.Top Your Success!

.#17.3(a): This is blantly illegal in Michigan, guessing most states.