My wife and I recently closed on a MFR in Grand Rapids.

:Property management: $120Repairs: $60Capex: $120Vacancy: $100 (8.4%)So a grand total of about $1192 gone from $1200.

I personally prefer to stay north of Grand or Division If I can find a property.  

Hello everyone,

I am a new member into bigger pockets. I recently started listening to the podcasts and it has peaked my interest in real estate again. It is something my family has done before as my parents own a f...

There are some grand houses from the bad old days.

Unless the seller is your grand mother (who may also forget repairs the property require), its always good business practice to have the property properly inspected, way before closing.

My understanding is that the RI lead laws are actually better than the equivalent Massachusetts laws (for landlords), but still not easy in the grand scheme of things.The trick with the lead laws is that you have to comply with both state and Federal regulations.

4k won't get you too far in the landlording business...set aside a grand or more each month...you'll need these reserves for unforseen repairs, vacancies, etc. ...also, banks will like to see you have moeny in the bank when they go to loan you money on the next property...good luck!

Welcome from Grand Blanc!

That's a nice area, or if anything, you should consider Grand Rapids, which would be a quicker drive than all the way across the state to Detroit.