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Updated about 11 years ago,
Michigan taxes killing possibilities?
I'm really looking for the solution to this problem. I live in Berkley which is just an average blue collar city with a small population. My home which is a 3/2 has a tax of 3k annual, which is the norm here as well as all of Oakland County. By running numbers based on average rent of 1000-1400 and purchase of 110-140 it just seems to thin on cash flow to make sense. I'm realizing quickly Michigan is very high on tax, and therefore curious if the obvious solution of investing elsewhere is my best option. For clarity, my goal is blue collar cities. I've read the %rules, and for where they work I have zero interest in looking. Thank you to everyone here, and I'm looking forward to hearing from you.