I am in the process of hanging my license with an investor-friendly brokerage here in Georgia (Thank you!

If she's traditional, she'll likely hang out with other Koreans.

Any place you could afford to buy just starting out would probably not be the kind of location that would ensure the success of your store (high-end shoes require high-end buyers, who will not be hanging around in low-rent areas, right?)

Scott, just noticed you're in Michigan as well, it's a typical bungalow here, the master is smaller sized and the closet will be basically sacrificed for the bathroom, maybe what would be left are shelves and I could provide some of those hanging racks for clothing storage

Duncan Taylor ...yes, you are correct about the amortization table...but, I am planning on paying it down within a year to get the LTV below 80%....there's no way I'm hanging on to a lone for 30 years.

Chris, I definitely see the benefit of beginning with month to month lease, especially because (in my experience) if you treat a good tenant right, they tend to hang around in your property for a long time anyway, so there is little to lose.

Is that enough to hang onto it or should I be setting my sights higher for an income property?

I ordered some info on line but did not find the info very helpful- I just go by trial and error and after you do 10 or more you start to get the hang of it.

If the deal is not even worth considering, hang it up, but if it has a chance, go from here.You then perform your due dillegence, research the house, the ARV, taxes, neighborhood.

LISTEN for opportunities to hang out with them; take them to lunch; do so some odd jobs for them (that you can do well), etc.Ask them questions and LISTEN carefully to the answers.Making friends with the successful investors in your town is no different than making friends with anyone else!