The idea was if you have 200k you can get one of the properties like Michael shows on his Instagram and target 20-25% cash on cash returns.

Saugatuck city has just instituted a cap on STR yet it is in the infancy stage. 

Cash flow is gravy but don't count  on it.

North of Highway 380, on Wilmeth Road, in between Custer Rd and Ridge Rd. ($2.3m for 9.3 approx acres)($1.1m for 4.5 approx acres)Best uses: Large estate with mother in law homeSmall development with 1/2 acre luxury homesTiny home communityOffice spaces made up of tiny home officesSmall retirement communityRestaurantsFlex warehouseCommercialThe property has approx 40' of Wilmeth Rd frontage.

To thrive in real estate investing, you must maintain a firm grip on your finances.

Focus on buying or starting a biz.

It looks like they are focus on the Detroit market.

Could I 1031 exchange on the sale of the quick resale of the foreclosure to buy other investments or would I be excluded from the 1031 exchange as a "dealer"?

it's a hands-on strategy.there are lots of posts on BP about the challenges of BRRRR. 

As many of you know, Assembly Bill 968 will take effect on July 1, 2024, mandating flippers of residential properties to disclose recent repairs and renovations if they sell within 18 months of acquisition.