I would rather invest where regulations are set in MI and then you can dial in your search from there just my .02

Additionally, working with a local real estate agent can provide valuable insights and assistance in your search for the perfect neighborhood in Birmingham.

Somethings that newer investors don't think about but should be addressed int the OA is what happens to the upon death - who gets the company, is there portion bought out by the other owners, at what price, what happens when one owner wants to sell, etc.

If this tenant can't afford the $100 increase, I will have to travel back and spend the time and money getting the house ready for a new tenant (paint, carpets, etc) , not to mention decide whether I will hire a company to deal with the rental and the new tenant, which could mean 10% of monthly rent or I will have to deal with it long distance myself and hope for the best. 

My name is Dan and for the past 2 months, I have been searching for my first fix and flip opportunity.

Also this opportunity came through a turnkey rental company so there was additional premium baked in and as an out of state investor, I was not planning to visit there and don't know anyone who lives there either.

There is also VinFast, WolfSpeed, the Toyota Battery Plant, ... large pharmaceutical companies, manufacturers, energy producers, and a diverse cross section of other industries who are moving to or expanding within an hour of Raleigh.

Id search the facebook groups 

When we finance short term stuff we wait until we have an asset, then we will underwrite the deal and use a title company like a traditional closing. 

The FDIC has a search for true "community" banks: https://www.fdic.gov/resources/community-banking/search/cbi-...Keep in mind there are rules these banks must follow in order to qualify as a true "community" bank.