Do they offer company stock, and provide passive revenue share income which is willable to your heirs?

I was thinking if 3 of us shared one, it would cut down costs and provide each of us that additional support we may need to juggle all of our tasks. 

They should be able to provide you with the most accurate information regarding property tax rates for the specific property you're interested in.

I have been attracted to this area of MI since I started exploring real estate and it seemed to provide an opportunity for us to get in the game with out of state rentals without spending a ton of coin.

The funds that provide best returns typically have lower overhead costs.

@Ahmad Moore Based on the info you provided, a CPA who specializes in real estate would get you the most bang for your buck. 

Remember that living in a growing city and providing affordable housing will attract potential renters.

Selling @ $500kLender providing $490kCan the remaining $10k be carried by seller?

I also like to make it a condition that the seller deliver a couple of days before closing an Estoppel Certificate from the tenant where the tenant confirms:  (a) true and accurate copy of the lease and all amendments thereto; (b) address/unit they are occupying; (c) statement that Landlord is not in default under the Lease: (d) statement that Tenant is not in default under the Lease; and (e) statement of monthly rent and remaining term.This protects the buyer in the event there has been a subsequent written or verbal amendment of the lease (that the seller does not disclose) and prevents the tenant from making statements to the buyer/new landlord that are different from the terms of the lease that was provided to the buyer from the seller.Vivian

@Melanie Hernandez two questions to ask are: can you effectively and profitably run a STR business giving your guests a wonderful experience and can you provide value to and mitigate risk for your property owner?