If you are ever interested in discussing the market in Michigan feel free to reach out. 

Thanks @Charles Campbell for the mention, @Gilbert Yeung feel free to contact me it you would like more info. 

Below is the questionnaire I've come up with, although please feel free to critique it!

If you have further questions or need more clarification, feel free to ask!

If you have any deals feel free to send a DM my way as well.

Most experienced investors use a property manager - a good one will limit your risk exponentially and free you up to do other things. 

Its tax free money...You can then hold on to it just making 5% in a money market fund with next to no price risk. 

I wish you the best on your journey and please feel free to reach out if ever have any questions about the local Colorado Springs market :)Take Care,Brian Bohrer

I would also argue that there are plenty of landlords out there that have rentals which are currently below market rental price.I assume that this part of the tax code was created to prevent those with multiple homes from letting relatives live in one for almost free, while potentially hiding that rental income and not having it registered as a business and pocketing the money.  

Feel free to reach out if we can help in any way!