When there's tenants already occupying the property, there's often times different leases that were signed among the tenants.Additionally, renting by room usually sees higher tenant turnover which in turn causes more work for the PM.Other challenges to consider:- Disputes/conflicts among tenants (different personalities if a tenant doesn't know the others prior)- Occupancy limits- Splitting utilities (what if someone uses more water?)

This property has strong potential, so think of your payments as an investment in your future portfolio. 

Facebook groups have useful information, but tend to be about 75 percent spam or sham so you have to be careful in there.

If you don't pay he gets the park back and your asset.That would put me at more ease, knowing that you have skin in the game, and are going to pay me.Gino

This area is an amazing place to live, and for that reason highly competitive in terms of real estate investing.

Live in it for sometime, when you are ready to move out, rent it out.

As you know, time is money in this business.

I agree with @Jonathan Greene here that the first step is thinking through what to do with the primary residence - you might try this tool that I built a few months ago to analyze whether you should keep or sell the primary residence! 

If you live in Macomb County, you already know about as much as you need to know to pick good real estate locations.When buying a stock, the investor has no control over how well it does and we all pay the same price, so we look for stocks with hot growth prospects. 

This book was released in 2019 but I found it to contain a lot of great information on voucher programs.https://www.amazon.com/Subsidized-Comprehensive-Government-F...