I have heard Texas and most areas would be closer to $100 when its all said and done.You can find good contractors through realtors, HBA in your area, REI Facebook groups and meetups etc.Make sure to check references of past and current clients, visit some jobs in process as you can tell a lot about a contractor by how the job site is kept up and organized.

If the inexperienced investor knew how much work, effort, time, analysis, negotiation, organization, capital, and knowledge it takes to successfully find, identify, evaluate, and close on a property that fits the criteria that gurus falsely claim they see 100’s of every day, 99% of them would abandon their real estate dreams” and pursue ostrich farms, mink breeding, or setting up a “down line” to sell condensed cleaning products that their “upline” has an exclusive distributorship on for the southwestern quadrant of Bisbee, Arizona.  

Once you have experience and learn to budget for occasional big ticket cap ex items that every house has whether it’s 100k or 1M, it becomes really hard to make any profit.

@Alex Scattareggia, the withholding tax, as you suggested, doesn't have to be an issue providing that your property is profitable enough.

People if you truly want to become successful, you seriously need to learn how to use common sense.Now this is me:All these leads are motivated off-market, organic leads.

Hello,   I believe this program is fairly new, so I don't know if anyone would, but do any MI investors have experience using the "Lead Poisoning Prevention Fund" through an organization Michigan Saves?

I would lock in a solid profit.

If the next investor can’t make a profit using it as a STR/MTR at your listed price, why would they buy it?

Overall, it can be a profitable business, but most people get into it to become an investor and 99 percent fail right away because they don't know the slightest thing about repair costs, talking to sellers, and are only in it for the money and not to help people.

Many of these projects derive 50% or more of their overall profits from reversion cap rate assumptions and some type of compression that probably doesn't exist in the current environment.