Also there is an additional tax on the returns due to the financing. 

New agents and investors often face obstacles that are only revealed through experience. 

Additionally, I'm still not convinced that you are not associated with this new management company. 

I'm a Michigan native looking to move back to start my portfolio but I haven't really spent too much time in Detroit and would love to hear people's experiences.

I read the actual laws on the books in addition to seeking investor input on this site.    

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

So if I can do it anyone can I had really zero experience .

But it also is a money pit if you don’t have the experience.  

I do not have a license now, I have in the past.The primary reason not to have a license in my experience is the resistance from sellers.

Nights, weekends, holidays, etc.To keep this on-topic, though...DO figure out what's healthy for you to manage but remember it's a process where every experience teaches you good and bad (and be patient with that process).DON'T sweat the small stuff (damage/costs under $50, undisclosed dogs, etc.) but DO find a way to learn, prevent, put in better practices to maintain your sanity.