The latest purchase of the 3 family is a little different in that we will be living in one unit and there are two long term tenants already in place.

A duplex strategy is a low-risk entry, saving on living expenses.

I was able to check an old listing and it showed it as being 2 units instead of 3 and one bedroom/bathroom less than what they are claiming.Tomorrow I plan on having my pretty wife knock on a couple doors, hopefully she can talk to someone living there so we don't get something substantially different.

Although I still think conventional is the better option, I wouldn't put 20% down if I didn't have to, unless you know you'll live in/own the house long enough to recoup that additional $. 

page=LoadVirtualDoc&BookmarkID=6536) that capped annual increases to the Taxable Value of a property to the lower of 5% or Michigan's Cost of Living increase.

Nicholas, if you're look at the Ohio market you should definitely be giving Detroit a look as well.I live in CA and invest in Detroit.

I have no proof since I dont live here.

Here is some info: SF STR FAQAssuming the info is up-to-date, it must be your permanent residence (you must live at the property for a minimum 275 days a year), you can rent unhosted a max of 90 nights a year, you need a business license, and you need to pay the city $925 for a STR certificate.

After living in the property for a full year, we have come to terms and accepted that this is not our ideal location.

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