Quote from @Ken M.:I

I have been a landlord and investor for over a decade AND also work as a senior/regional property manager so I feel like I see both sides and have some good insight on this- manage yourself if you have the time and fortitude to do so, you will make mistakes but it will pay off, get a real estate license (not hard to do plus you can sell and buy properties and get commission) and know the laws, be willing to do the research, NO ONE IS GOING CARE AS MUCH ABOUT YOUR PROPERTY AS YOU- that being said, not everyone wants to has the time ect or headache or likes asking for rent…FIND A MANAGER THAT ALSO IS A LANDLORD INVESTOR, I can’t tell you how many property managers I’ve tried training and that failed at our company because they just don’t get it from an owner or investor side, like “no tenant we aren’t going to come replace your stove again, no we aren’t going to clean your bathroom cause you didn’t , ability to analyze when to do maintenance and not, ability to explain to tenant owners POV, I tell every owner I am not telling you anything I haven’t done or I’d do my self, a lot of property managers are blue colar type workers and have never invested in their life and just done get it, 4 out of 5 property managers fail at my company because of this especially for single family homes, find a PM with speciality in SFH for your area, for example, a PM in Birmingham MI (upscale area) will fail in Detroit or lower end markets (but that’s were the best ROIs are)

I would like to start attending Open Houses in my Michigan location in order to get my feet wet.

I've already obtained a 5% down conventional pre-approval and am working with a local (Ann Arbor, MI), investor-friendly realtor to find deals.

@Brett M. I

I am the owner of a licensed GC in the SE Michigan area looking for Value-Add Properties that I can get a hold of and turnover. 

Quote from @Ken M.: I bought a vacant property in the Historic District of Phoenix.

Another idea we’ve been dabbling with given western Michigan’s coast is short term rentals in one of the beach towns along the lake.Would love to hear people’s thoughts, share their experiences, or give any advice regarding the GR market and surround area. 

Hi all, I own 2 investment properties in Westland, MI and have a total of 6 insurance policies including my home and auto.

I self-manage my 9 doors in Lansing MI from San Diego.