Hello Who here recommends a town or city in Michigan that is up and coming, with cheap buy in and good potential for flips and appreciation?  

Very little legal protection for either of you in the event that one of you skips town.

Owner is out of town.

Folks like me who grew up in the country but are stuck in town due to high farmland prices.

My mom is selling her home and I am considering becoming the buyer for two reasons: 1) She would sell it to me at a much lower price than another buyer. 2) I can see how I can take it and turn it into a profitable cash flow property.Let me explain: It's an old 1 family home that is very small BUT the lot is big enough to completely demolish the current home and build a house that can easily have 4-5 One Bedroom Apartments which can go for $1,300-1,500/ mo. in the town where the house is located. 

Being out of town buyers and this being our first deal is a real hurdle. 

I'm exploring the installation of a counter top dishwasher in a small 1Bdr rental. 

Curious if they have a high amount of vacancy with it being a military town or if that actually works in favor of the town because there are always people being moved there?

If I were you I would look in the space coast area in towns like Melbourne Beach, Indialantic, etc.

So my shorter term goals have changed to include making enough rental income, along with my savings, on our first two properties to spend a month exploring Europe within a year after graduation.