EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

I live near Marquette and haven't heard this kind of restriction yet, but I'm not surprised. 

But one thing we do is if the project is extensive (which usually means more potential surprises), we'll have our service providers walk the property with us and provide more accurate estimates on their SOW.

You only need to put a small game plan together to start running the numbers base don zipcode, property type, sale prices, common rents/cash flow.You would be surprised how far $150K can get you to cover a New primary home and 1-2 rental properties back to back. 

But, with more units, you could have multiple issues at the same time so, either way, it's your money and their convenience of not needing to come to you for every repair. 

I am less surprised by that, but I AM surprised that assumable mortgages aren't more of a widespread thing. 

The median price is still just $90k and I wouldn't be surprised to see it double again pretty quickly.The other nice thing about Michigan is property taxes are capped at the rate of inflation with a max annual increase of 5% per year.The biggest drawback of Detroit is tenant quality IMO.

The ones still open to adding new policies will only insure buildings built after 2000, or 1980 (depending on the insurer), and you have to be claim free in the last 5 years.Unfortunately, $9k for a 10u does not surprise me.