If you are looking to invest in Michigan I would recommend Lansing (area) before Detroit.

Any current rental property owners that can give me details on the cost of rental license and inspection fees in Lansing, MI?

Hi ALL,Just reaching out to see if you can give me some insights on Charlotte Michigan, Small City close to Lansing MI (21 Mil), I'm researching a Multifamily building, My concern is that there is 9,000 plus population only, I see articles that show is a good rental market, but it will be grate if anyone that knows the area can have some feedback as far is Schools, Crime rate, Economy and so on.As always, thank you guys, have a great day!!!!

I know fox Detroit and Lansing has interviewed different tenants about situations (like no heat, or mice, or city showing up condemning the properties). 

Certainly this is not the case for everyone but a cautionary tale nonetheless-especially being out of State.My CPA is referring this investor to me because he knows I like the Lansing, MI area where prices are similar but taxes are lower, labor cost lower, and lots of economic development because it is the State capital.To your success!

They deserve some positive press and love.Another cashflow market I did not see on the list is Lansing, MI which I personally think is fantastic with low property taxes, strong rental demand, low cost of living and service costs with constant economic development as a result of being the State capital.

I thought about Okemos, East Lansing, Lansing, tecumseh, belleville and a few other areas in these direction before but there isn't enough places to look at and when searching toledo, there seems to be something new every week which is why I thought of going there. 

Hey Miguel,Check out Lansing, MI.

Hi Ayyoub-Great question on where to buy a rental in Michigan.When I talk to my investors about buying rentals in Michigan, if you don't have the budget for an Ann Arbor, Lansing is a fantastic market for buying income properties.The price points are very favorable.

So, mathematically, you should continue to rent.However, for your longterm financial wellbeing, owning is better than renting and you build up equity and benefit from rent increases from owning investment property plus all the tax benefits you don't get from renting.I would look at buying a duplex in a market like Lansing, MI.