A property qualifies as Homestead for this exemption if an eligible owner files a Principal Residence Exemption (PRE): https://www.michigan.gov/taxes/0,4676,7-238-43535_43539-210891--,00.html#:~:text=Section%20211.7cc%20and%20211.7,purposes%20up%20to%2018%20mills.Many investors have gotten an ugly surprise when they bought a property that was a primary residence of the seller for the last 20 years.

I hadn’t seen Joey or his crew for weeks, so what a surprise-- two of his crew showed up shortly before Lee’s contractor showed up, and started working hard—and left right after.

Better yet use a lender that gets you fully underwritten up front, so you don't run into any surprises.#2 Keep an eye on interest rates based on what the loan officers proposes. 

Using a smaller bank or credit union is the way to go.Being that you have been in business for 10 years I am VERY surprised your business banker can't help you!

I met him at an event in Oakland and was not impressed personally all he would say is he does big deals for big money.. and I know how hard it is to do business with those in his community it really surprises me how people followed and invested as much as they did.

Their are opportunities but very much depends on location, no surprise there.  

Many major leases at the shopping center owned by JPG Smith are coming due in the next 5-7 years, so the development is not guaranteed at this point as much could change in the coming 5-7 years.Even if JPG Smith does decide to renew the current leases instead of developing, there is a strong likelihood of office development being done on the vacant space adjacent to the new Tech campus. but between all of the development growth residentially, with employers like Amazon and Virginia Tech, and the new metro station, I would not be surprised to see JPG Smith move forward with the plan to develop this new business district.

We are invested with a couple other operators as well as BAM, and I have to agree with Ivans position, its the tortoise vs. the hare....The overall proof is in the exit and I dont see that for a few years - but have been surprised before.

I am comparing both of them right now and while people seem to prefer Propstream, I am surprised to see how many comps do not come up in the search, while Batchleads and even Zillow give me more results (using the exact same filters).

You have found a market out-of-state and have talked to an investor-friendly Realtor you met on Facebook that seems to check a lot of boxes for you and your goals.You worry about making a good choice and how to complete your due diligence on this agent and opportunity.All of my out-of-state buyers buy without ever having seen the property in person but I know they will at some point and want them to have a good experience so I frequently do FaceTime walkthroughs with them before buying and use a very comprehensive property inspector to avoid surprises.