I live in Michigan and looking to get involved in apartment buildings.

@Suzanne Reinbold make sure they have a RE Broker's license with Michigan, many don't!

@Henry M. I

@Andre M. I

I have experience in the Lake Lanier GA area, but the summers can get quite hot and the winter can be pretty dead, so I've been interested in checking out Boyne City, MI. 

I purchased 2 duplexes in Morningside, Wayne County, #Detroit, Michigan (zip code 48224) February 2024.I am also an #Out of state investor.Both are currently going through repairs and updates necessary for the city of Detroit to give me the Certificate of Compliance for rental units.

If so, how do you open deposit accounts in NJ when your bio says you’re in Michigan?

I have rentals in the Upper Peninsula of Michigan and there seems to be a shortage on rentals.

Ohio and Michigan are very popular places.

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.