One of my places had a little extra room next to the kitchen so we made a dedicated coffee area with a coffeepot, a drip setup, a french press and a pod machine.

By holding the property until its value increases significantly, you can execute a cash-out refinance to fund your next purchase.

New to real estate I hope I can learn about the market on here.

For calculating IRR, use the total cost of acquisition—this would be the mortgage balance plus the 50% buyout equity and any closing costs.Regarding refinancing, assuming the loan under the Garn-St.

Quote from @Lillian Pintaro: Hey Guys, I've been in the Birmingham Market my whole life!

The fastest legal way is likely to pay them to leave (only pay after they are out and if they left it in good condition). 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

I don't think I will be able to make this one but will definitely attend the one in March.

Do you prefer Flips or Rentals? Or does it vary by area

Do NOT buy anything from the Detroit Land Bank!