I am a new mom and can not afford to purchase properties just yet or get burned, I have been looking in the Oakland/Macomb Counties for comps, and know what things have been going for.I just need some help with taking the initial first step, and I heard in MI we do not need a license to wholesale correct?

welcome to BP  . i have been a landlord in btw for 25 years and i am getting out slowly . i mostly am burned out , but the market has softened for sure . it is still healthy , but just be selective :) if you ever have a question , feel free to reach out .good luck 

In the past I have been the one to choose tenants for my rentals, but have been burned several times because I'm too trusting of people.

don't get burned

My burning questions are sort of summarized below:When I find an REO (or probate listing or short sale for that matter), will the Bank, Lender (shortsale props), or court (probate sales), entertain offers below their list price?  

For the items you mentioned, I'd recommend changing out the carpets if there are stains, holes, burns, etc.

Optimists in real estate get burned... a lot.

If you wait until problems pop up and then try to figure out how to solve them, you will be behind the eight ball and it will burn you out in no time flat.3.

Ultimately, the objective is to subsidize the burn as much as possible.

Martin Burns, Attorney in Tacoma.I've used him for my real estate transactions.