Holding costs vary wildly between deals.

This number will vary wildly depending on the house, area, condition, hold period, etc....

With a little Googling I could find your state has a nice PDF that outlines a lot of laws, as well as a sample lease agreement starting on page 32: http://www.michigan.gov/documents/dleg/Tenants_and...As for getting leases from others, it's the wild west.

Sorry for my late responses, we went on a wild trip out to Chicago to watch my Cubbies in Wrigleyville.

Over the past months I have been gaining as much knowledge as I can to better equip myself for the coming year when I will truly start my "wild adventure in the Jungle that is Real Estate".

I was going to mention that to Richard.. there is no real CCB in Texas its the wild west.. hammer and a truck and your a contractor. :) they build fast there and in these rental areas very cheaply..

This, however, is wildly exaggerated by the fact that the cycle has changed, and the growth seen between 2011 and 2018 is unlikely to continue en-mass going forward.

Finally I would just note that sometimes with things such as this you get a vibe about someone, and the vibe can indicate that they are a wild card.

Secondly, I more or less stalk their Facebook to see if they are wild or weird or what.

Since helocs are not backed by a govt the underwriting rules and risk tolerance can vary wildly from bank to bank.