. $100-150k is the initial cash outlay we're planning for our first 1-2 properties.

They will be uncapped and increase after a sale.Michigan has some of the most complicated property taxes in the US.First, Michigan uses the State Equalized Value (SEV) to determine INITIAL Taxable Value.

I am looking for an answer that I know has many variables so just maybe if you all don't mind sharing your initial costs on what ever the say 10 to 20 units may have been.

But there will be lows, when at first you need to learn concepts, you have no successes yet, and maybe some initial steps include a little stumbling.

These refi loans are based on the improved value, so I avoid the costs of initial financing and waiting a seasoning period before refinancing.

I have a very simple clause that tenants are required to initial.

Initially I was thinking 20% down and ~3% interest rate would be a reasonable starting point. 

Initially I was creating the listings from my personal FB account, but have recently added a separate FB page for my rental company.

We explained the 50% by saying something like "obviously we expected some surprise findings to come up after purchase and factored that into our initial offer price.

Either way supply the "protect your family from lead in your home" pamphlet and have them sign they received it along with the other required sig/initials both parties are to do.