We go to settlement tomorrow and I'm pleased to announce that after much fight we've purchased the unit outright from the solar company.

These states allow landlords to terminate leases and evict tenants quickly, with no rent control laws and a strong legal framework.

I'd really prefer to just adopt something that another PM has already used and found success with, or use it at least as a framework that we adapt from.Appreciate any feedback that you think might be helpful.

Title requirements have changed, settlement procedures have changed, try that old double closing using the other guy's money. 

@Randall Rzeszutko Just settled on a property and did NOT pay anything out of pocket to the lender until settlement. 

They have an option of debt settlement and credit repair.

Michigan may not have the statutory framework that makes them beneficial in other states.The simple thing to do is just get your real estate license and then there's no issue regarding the questionable legality of it.

I plan to get a few other quotes but I have no idea if this is typical.Processing Fees $495.00Underwriting Fees $695.00 Loan Administration $58.00Fee Discount Points $719.20 Appraisal $515.00Title - Wire / Courier Fee $85.00 Settlement Fee $550.00 Lender's Title Insurance $450.00Recording Fees $90.00Realtor/Broker Service Fee $395.00Tax Prorations $1,500.00Total Estimated Closing Costs $5,552.20

All that matters is how you are able to manage the cost within the framework of the investments.There are 2 Golden Rules I follow:Golden Rule #1:  Under no circumstances will I ever "spend" my cash.  

My view is, once the whole over sight framework is blown up, the Wells Fargo account jamming rip offs will start back up, the preditory loans too, robo signing foreclosures, the whole wild west works!!