But it is by design because I focus on those types of properties that have the most upside.

Too big for typical fix-n-flip type financing?

Better to have some type of protection and not need it , than need it and not have it .

In Michigan, you would need to serve a Demand for Possession to the tenant.

Purchase price: $20,000 Cash invested: $100,000 Sale price: $187,000 What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

It's best served for your CPA/tax advisor. 

You can contact them via phone to get the exact steps, especially if you are not located in the state.A sheriff will then serve the eviction notice to your tenant, with all the details for the hearing included.

if the property is $100K and the rehab is $60K you'll need 10-15% down plus closing costs plus holding costs - conservatively 16-24K + 5-10K + 6-12K = 30-45K at leastand you don't want that to be all your savings... so you'd need separate savings and emergency funds - i'd want 25-50K depending on situation, lifestyle, etc.so 50-100K i guessbut that's just a horseshoes and hand grenade estimatethese types of questions are hard because we don't know much about you or your financial situation