Our property has cash flow and according to the many bigger pockets podcasts I’ve listened to you shouldn’t just pocket all cash flow but set aside a percentage to cover reserves, CAPEX, vacancies etc.

I am thinking I'll have to set aside expenses to redo the wiring, plumbing, etc and bring them upto code. 

Agree 100%, trust and transparency are what set professionals apart in this industry.

Consider why someone would want to live there—proximity to work, schools, or other conveniences—and what amenities you can offer to enhance their experience.Key Amenities: Amenities can set your development apart.

Your thoughtful approach sets you on the right path for success!

The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Homestead versus Non-Homestead Millage RatesCounties & cities in Michigan are allowed to set their own millage rates, with one restriction – a primary residence (Homestead) is exempt from up to 18 mills of school taxes on their Homestead property.

I've been setting the record straight so many times against unwarranted criticism and ignorance about the country and its state of affairs  (while acknowledging its issues) that maybe the government should make me a honorary citizen!

You have an incredible background that sets you up well for what's ahead. 

Set your standards up front.Raise the rent to the market max and the difference will cover the deposit in 12 months or so.

My mortgage is $1700/month which is a lot, but I’ll take my cash flow from the rentals to off set my mortgage which has 8 years left on a 15 year mortgage.