@Amit M. , I think that's good advice to buy in areas where the market doesn't hyper inflate or deflate.

I have investor in residential property in different parts of the country however, never Michigan.

@Matt Perdue , here in Michigan you have to have owned the property for 1 year before banks will do a cash out refinance or equity line of credit on them.Check with your local banks as your area may be different.

I live in Flint, Michigan and am a member of an Ann Arbor real estate investor club.

These are in B minus to C neighborhoods in Michigan, so the returns are huge.

Michigan is a different animal than most areas across the nation right now and I get my hands dirty from time-to-time to keep my costs lower as well.

Hello my name is Peter Wilder and I am from Grand Rapids MI.

@Shawn M. I

The roof, if in Michigan, should come in at between $200 and $250 / square without much negotiating.

Henry M. I