I'd love to learn more about your end goals for starting a portfolio.

@Grace Tapfuma Grace, love the ambition—setting a goal like a triplex by the end of the year means you're already ahead of most people who just ‘think’ about getting into real estate.

Quote from @Anil Shah: Quote from @Derek Brickley: Pretty common, you can definitely use commission as down payment conventional loans and not have it count toward IPC as long as you're on the loan. 

Wouldn't be worried about the office space given the location.Deal #3Purchase price $40k and likely flip or hold it that's your goal.

It's most common in the north-east.I assume you'll hire a home inspector.

To be more specific about what i'm looking to do: My 1-2 year goal is to employ the BRRRR strategy with SFHs and Condos by buying distressed / highly undervalued properties that need work (preferably all-cash) in low crime areas with strong rental demand, renovate them within budget (again preferably all-cash) and get them rent ready before refinancing them at the highest ARV possible.

Common sense. 

My goal is to ensure that I hit the 1% rental return per month.

Southwestern Michigan offers plenty of charm and is a destination place but would definitely make sure your ROI makes sense based on your long- and short-term goals with the property.

Most importantly, choose a market that aligns with your goals!