There is a pretty good SE MI contingent as well, so reach out and engage.

Hi @Erika Koenigsknecht and welcome from another SE MI member.

Now that my head is semi out of the fog from my move, I am wanting to attend some REIA meetings.

The water is paid semi-annually but the tenant vacated before the water bill came in and now they want me to pay.

There is also a semi-local bank here that will do a 3% down loan with no PMI for lower income candidates.Unless you feel really comfortable in the area, don't let the police station in the backyard ease your mind.

I believe the origination fee is $135 or $165 and I'm required to pay the loan back through an auto-deduction from my paycheck at 4% interest.The nice thing about this loan is that the 4% is going right back into my 401k, not to some bank, so as I pay it back I can also borrow against the interest that I've paid myself in the future.On a semi-related note, I wonder how many people look at the fees that they get charged by having their money in a retirement fund.

A totally vacant property is usually MUCH HARDER to turn around than a property that is semi-performing.I consider vacant property to be almost like commercial development in that you are overhauling a site and property loaded with risk and long time periods before cash flowing.In the end you can do well but also lose your shirt.With the 16 unit I would take it a step further in your analysis.If 900 to 1100 is the going rent make sure it is accurate.For instance do your competitors have laundry in the room,pools on site,basketball courts,next to work commute,restaurants,etc.

What you will also learn by running test ads: which advertising method works best to find these buyers and how many flaky buyers there are to semi-qualified sounding buyers.What to do: Prior to making any offers on any MH run test ads online and offline to see what buyers will pay and which method of advertising the buyers in YOUR town are responding to.

I’m also moving to semi-glass white for all ceilings, walls, and trim.

Paint 6 panel doors and trim a semi gloss white.