Also, it's likely that a slightly smaller amount of each payment will go toward principal since the loan balance is higher and the rates are likely nearly the same once the MI of 0.5% is added to the rate.

Here in Michigan, we charge 10% per unit.

Ugh.In all seriousness, I think for $50,000 with a 1200 square foot house in Michigan should be able to modest rehab.

I myself have been a Licensed Real Estate Agent in Southeast Michigan since 2021 when I turned 20 years old, and have took a bit of a hiatus since now to finish my Bachelors in Business Administration.

I have mostly heard about LTRs specifically in Indiana, Alabama, Texas, Michigan, and Ohio but I am open to hearing anyone's experience anywhere.

I'm Matt Charney from the Detroit Michigan area, and I have been passionate about real estate investing for the last 5 years.

@James Wise MICHIGAN UPDATE: new law went into effect January 2, that landlords can no longer discriminate on tenant income source.

I'm looking for some advice on investing in Michigan generally, and/or Grand Rapids, MI specifically. 

Hi Andrea, my wife and I own a Short Term Rental in West Michigan so I would be happy to answer any questions you have on how to analyze the property, what you should look for in a property and what questions to ask the county. 

Well, I guess this says it as well as I could.This growth in ADU establishment goes hand in hand with progressive changes in Michigan's zoning laws.