It is a town with many hidden gems, property wise and other wise.I currently invest in Grand Rapids, Holland, and Kalamazoo, MI, all of which are fantastic markets in terms of cash flow, vacancy rates, overall stability, low unemployment and population growth.

They are not leaving much room or incentive for the investor. 

@Luke Goodman You could do that, sure, but if you are asking your sellers to counter at $280K, then you are telling the buyers that you can't produce a second offer that can trigger the escalation clause up to that price, letting them know that there may not be as much demand for the property as expected, so there is room for negotiation.

Notice I made no mention of a dining room to eat in. 

If it's vaccant just two months that 4800 turns into 9,800 lost cash flow for a grand total of $30k in expenses with the closings in two years.

Hi Everyone,  I am a new member and I'm seeking recommendations on both the online/class room based real estate courses offered in the Detroit Metro area.Thanks Everyone!

We painted all the rooms and cleaned the carpet.

It was a foreclosure that was leaking through the Dining Room Ceiling.

The add 10% Reserve  to rehab budget or 4000 for grand total of 144,000.

Could I lease out 2 other rooms in my house to help pay the mortgage?