Generally this exception only applies in the higher end home space.  

Since they can't do each property individually, they use comparable sales to make broad generalizations to determine percent changes.

@Sushil Iyer I agree with @Travis Timmons that Temple and Belton are generally better pics with a more diverse economy versus Killeen.

I would pass on this deal given the red flags you share (and the fact you feel there are red flags is generally a bad sign).

The percentage needed to be saved will be dependent upon the property, the condition it’s in, and the overall general vacancy rate of the surrounding area.

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

Licensing fees, CE classes, E&O insurance, general business liability insurance, sentrilock/suprakey fees, board association, etcc.

VA Loan Assumptions and EligibilityAssumption by Individuals: VA loans can be assumed by both veterans and non-veterans, but the assumption must generally be completed by an individual—not an entity.

I'm looking for some advice on investing in Michigan generally, and/or Grand Rapids, MI specifically. 

It's an area where they generally have not allowed garage enclosures and LOTS of people have done it anyway.There are all kinds of ways the cities find out about houses like this.