100 year old and if you think $50k will get work done, double that cost. 

Pro tips: Boost credit (aim for 670+), get pre-approved, find a savvy lender, and get creative—think home equity lines or teaming up with an investor.

It's a little pricey but I think it works great.

You think everyone just stock piles cash for RE?

There are nice areas around Detroit; Macomb, parts of Sterling Heights, Farmington Hills, Birmingham, Royal Oak, West Bloomfield, and plenty more I just can't think of right now. 

For house hacking your first house these things don't need to be overly complex, but you do need to think about them.

I think it will be important to buy in areas that are just starting to sprawl.

(Horsebnb.com)Looking for additional income sources AND the fun people I think this would attract. 

Looking for other ideas, and structures that would help achieve a successful partnership.Thanks DougThat's actually a lot going on.What I think you are proposing is to have your in-laws sell their existing house, buy a new smaller house with their money, sell the house to you as the landlord and they rent from you.

The list of NNN leases that have gone dark are longer than you think.