The first one that comes to mind is do you plan to keep working while building your real estate empire?  

You would need a premium plan. 

https://treas-secure.state.mi....some things to keep in mind:-Non owner occupied properties pay 18 mils more in taxes in Michigan - Even with the SEV you should plan that the SEV will go up.

If your planning on listening to keyboard warriors on here to explain the process, you're gonna get a lot of bad info...some good, but some bad.

My current plan is to stabilize this rental and aim to buy one property a year. what do you guys think of this deal and strategy?

Unless you are buying at a significant discount, or are hacking it, or have some other value added strategy or plan.

Connect with The Hard Money Co, Mach1 Lending, MGM Capital or Plan B Homebuyers. 

A potential goldmine for those seeking to increase property value and generate rental income.However, navigating this opportunity requires strategic planning.

If that is your plan then go do something else.

If you're ever looking to chat more about investing strategies, or need any advice as you start your journey, feel free to reach out.My plan is to kick off my investing journey this year with my first live-in flip.