My property taxes more than doubled once the county found out I was renting it out and not living there - they mailed me something and it bounced back showing them California address (mail forwarding lasts a year).

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

Don't just be enamored by double digit returns and definitely don't feel rushed into investing in any funds. 

Cost to build- which should be double now, if this property is more than 5 years old., B.  

I have found that their sweet spot is after you have flipped 2 properties, as they have a number of programs (Zero Gravity, Double-Double, and standard) that can suit your deal and what you need at that time.Happy to help navigate it if you are needing some help breaking them down.Good luck!

You can gear up real estate portfolio to earn about $325k/yr or more earning double digit returns.

I'll double check demographics and include in my decision making process. 

Learn how to consistently hit singles and doubles, and don't be ashamed to take the occasional walk. 5 years is a very short time frame to go from no RE to financially free (although you may already have property, which is an awesome start). 

@Matt J.As an out-of-state investor in San Diego, key tax and legal considerations include filing a California non-resident tax return for rental income or capital gains, managing double taxation with potential tax credits from your home state, and complying with withholding requirements on property sales.

My wife and I own four units and we’re making the jump to double digits.