When you ask whether we could stand living in a less desirable place for 366 days, it kind of puts things into perspective.

We have to wait and see the evolution of this market from a micro AND macro perspective.

I feel like I can learn a lot from your perspective as well.Glad you're here!

I could move there tomorrow and buy 5,000 houses if I wanted to.. but I don't want to.. other areas I like better and I would not enjoy the winter months at all.I really liked being there in the summer though down by the lake and if I lived there I would have a nice boat and live in one of those mansions in Grosse Point.. any city is great to live in if you have enough means.. the other thing from a business man perspective is I loved staying at the hotel at the airport and walking through their security line.. most convientant.  

Hi, LatishaI recommend listening to the Bigger Pockets Podcast #9, Using Hard Money Lenders to Grow Your Business:https://www.biggerpockets.com/renewsblog/2013/03/1...Ann Bellamy speaks directly from the hard money lender's perspective on what she and many other hard money lenders look for from those to whom they lend.

Lending on a flip is MUCH riskier (from the bank's perspective) than lending on an established rental.

A decent company will charge $9000-$10,000.Now I have a great handyman, general contractor, jack of all trades who has his own crew and I think he could play the role of property manager from the maintenance perspective, etc.

And off topic a wee bit, we transferred the GI Bill to the kids, incurring a service-duty commitment, but shifting those expenses away.These are all tools in the military toolbox; I don't think it is "either, or" but "both, and."

Look for major market trends and fundamental drivers of growth to make a prediction on where you might see an eventual shift in tenant quality. 

Originally my thought was more geared toward acquisition/sale, financing is a neat perspective.