Lansing Michigan: what are the good pockets to invest?

[Michelle B.]

Hello, 

I have spent quite a long time in East Lansing/MI while I was doing graduate studies, so I am familiar with the area in general. I live in Oregon now and I hold a RE license in Oregon where the rent/home price ratio is not making any sense. So I decided to look in Lansing Michigan for investment properties. I understand Grand Rapids is growing in a more faster pace but the cash flow seems to be hard to obtain (still I am not ruling out that option just yet either). 

Would you suggest the Lansing area to invest in for buy and hold cash flow? What are the factors I need to keep in mind  in a good investment property in Lansing Michigan. Is rental license easy to obtain for homes in Lansing? If so, which areas are best for investment?

Thanks,