I cover the Grand Rapids and Muskegon markets and have helped quite a few BP investors get their start in West Michigan. 

I’ll gladly trade 30% of 50 grand gross on a 2 bedroom for two minutes per day.

80 grand sure is a lot of money to put into a 25 grand house in disrepair .

I'm a CPA in Grand Rapids, feel free to message me, I'd love to give some free advice and hear more about your plans. 

Obviously depends on many different factors, not sure what market you’re in but here in Grand Rapids MI, cap rates are at 5 mid 4s.

Then I'll never have to scramble to find deals or work for somebody else.If you are looking for passive income that can be passed down to your kids and grand kids, I suggest you buy and hold, and find props with large enough monthly spreads so that PM fees don't massacre you.SIDE NOTE:If you have a day job, you could take about 75% of your rental profit and use that towards paying off the note on your first and second rentals (this is why I look for cheap properties... easy to pay off).

After doing some research I started to question it though when I saw that costs can be around two grand when everything is said and done.

Forgot to mention that I would like info on the whole Rio Grande Valley.Hi @Hattie Dizmond - thanks for your reply.

I'm focus in GR and K-zoo area, as part of Homevestors.

@Nicholas L.your own back yardhouse hackkeep it simplebase hits win championships. not grand slamsbest of luck