The foreclosure process must follow a strict timeline and takes quite a while in Michigan.

And them always being late is more reason to stay strict about enforcing your policies.

On the flip side, you do have to adhere to more strict rules and guidelines as an agent such as displaying your broker on all marketing materials.My personal advice would be to go for it and get your license, and then hustle as hard as you can as a full time investor!  

(Depends on how strict you are as a LL) There is also the issue if you need to evict. 

ADUs are becoming much more common in our market, so it's possible now to complete an appraisal using strictly sfr w/adu properties as comparables.

also there is the The Illinois Real Estate Lawyers Association http://www.irela.orgThis bar focuses strictly on real estate and you can also do an attorney search in their site.Again I hope this helps.Jack

Their strict zoning ordinance does not allow more than one unrelated person to live in a unit, e.g. single-family home.  

From what i have heard, the city of grand rapids is very strict on it.  

I have a strict no pet policy, but lately prospective tenants have been saying "but my dog is a service animal."

If you buy that same property for 100k and only put 10% down (10,000)but then make 5000 per year then you are making 50% ROI on your money in.Hope that helps differentiate between cash on cash and strict ROI