@Jacob Flaxman, I am not familiar with this market, so take what I have to say as more of a general comment.My first thought is $250k to build a two story, two bed "house" will cost more than $250k. 

Plus, we always encourage collaboration, so there might be opportunities for you to get hands-on experience while learning from seasoned investors.Check out the details here: https://levinecapital.com/treasure-coast-subto-meetup-in-port-st-lucie/Would love to see you there!

The 6% vacancy rate is a good estimate, but local market fluctuations could affect rent.The HML terms (11.95% with 3 points) are high, so ensure a clear timeline for refinancing to minimize interest costs.

There are plenty of entry roles from cold calling, scrubbing data and find deals for investors, leasing assistant, work on construction sites, office admin, project coordinator, Title assistant, RE photographer, transaction coordinator.. on and on. 

@tj @TJ Dittmar So, something like this: https://www.realtor.com/realestateandhomes-detail/516-N-Lumb...?

GeGe, thank you so much for the info!  

The only company I found so far is Lloyd, but it doesn’t seem to have a great reputation.

This is a great place to learn and to connect with people so take advantage of all the great resources.

I wouldn’t call myself “wealthy” by comparison standards, but I’ve made a lot of progress on net worth over the last 5 years.

I have an opportunity to do so in Southwestern Michigan (not Detroit)...90 minutes from Chicago and 5 minutes to the beaches of Lake Michigan.