That's a sign of economic and population growth, which as in investor is ideal for cash flow/appreciation.

@Nathan Wierzgac minimum 15 days and ideally 30 days, anything lower than that is unrealistic.

I’ve gotten used to living in my own house, so house hacking sounds more difficult for me, but this sounds like an ideal way for us.

Where you live will always show negative cash flow per month, for you.The trick is to invest so that your costs are less than rent (and, you're building equity).Of course it's ideal if you can invest/house-hack to "live for free" and generate extra income at the same time. 

This is a pretty ideal time to be doing a portfolio refi.

Ideally someone familiar with rental market in Macomb and Oakland county and knows the area in general. 

I do feel that the FL market will likely continue to increase over the years, so purchasing now would ideally cash flow as well as gain equity and appreciation over time.

@Randall E Collinsthis is where this wholesaling gets a bad name.. in some states Texas there is a carve out in Oregon its not legal unless you close in it first with your own money. 

Generally no but possibly if you also personally guarantee the loan, however ideally in the future you have all of this figured out before you start making offers, not as you are in the process of closing.

Ideally I would like the property to be in good standing condition and am OK if it's in need of cosmetic updates.