i have nothing but problems with the Michigan property. i do not suggest it unless you have very good management and a willing to gamble .

Since the town overall is growing I was thrilled to here that the Town government had chosen this neighborhood to improve and bring industry back to.

@Jason White,My first impulse is to say no matter how much you have available you'll want to invest for income in retirement to ensure that your money is growing at such a rate that you drawing your living expenses from it will not deplete the principal during your expectable lifetime.You may want to read up on self-directed retirement accounts and other ways of being a private money lender.My personal thoughts on buying property with no loans is that its roughly equivalent to gambling in the Wall Street Casino.

Also, depending on finishes and appliances chosen there can be upgrades added in.

ANYONE THAT IS COUNTING ON FUTURE APPRECIATION is taking a HUGE GAMBLE!

I do need help progressing in my chosen career path of working with notes until I can actually start investing in notes and properties myself.

I think I'm with Luis here, I'm very uncomfortable gambling on future tax rates and the future structure of the tax code, and it is a gamble, make no mistake.

Drink only water while gambling!

Anyone working a regular job who is living paycheck-to-paycheck or  month-to-month, and without any substantial savings is taking a huge gamble. 

While I am not one to gamble, I do think I have a lower risk aversion than others.