Update, I have successfully foreclosed pro se on two parcels owned by the same person jointly with one deceased with right of survivorship deed. 

@Dustan Balkcom welcome glad to see another member from SE Wisc I am in Kenosha and currently have a 4unit which I house hack and have a 2nd duplex currently under contract (more of a fixer upper), also in kenosha. 

Welcome.There are several meet ups in SE MIchigan.The closest to you I think would be:https://www.michiganrealestateinvestors.com/defaul...Here is the link to all the REICs in Michigan.https://www.biggerpockets.com/rei/michigan-real-es...

That works out to about 15% of gross income, and then more fees are piled on.Actually the company I use has no contract per se, and doesn't charge 1/2 the first month's rent to fill the property.

You are not perpetuating a slum, per se.

My kids went to SE Raleigh HS a decade ago.

There is an insane amount of new SFR construction going on around the edges of the city (Vail in the SE, Marana in the NW, and huge swaths of new construction in the middle just south of I-10), I suspect driven by developers hoping to capitalize on the growth here.

@Corinna Gossner , You should not be putting the Triplex in the S-corp for so many reasons that you can read on other posts.The rental income is not subject to SE tax no matter where it comes from ( LLC or Scorp).Both LLCs and S-corp is a pass-through entity, this loss flow to you the same way and carried forward.

@Kris Zabish , Looks like you already have an S-corp that is helping you avoid SE taxes on your net Income. 

I know SE Florida is seasonal anywaysBeing that your Broker contact is new at it, I think partnering locally with a PM is a great idea, I just don't know of any in Long Beach.