These are decently profitable rentals and I have a concern that the city would look to increase property taxes I am looking to reduce based on rental income.

"The Ultimate Beginner's Guide to Real Estate Investing."

Assuming things go well, after a few years he and I will partner on deals and delegate the management of the project (a solid plan as far as I'm concerned until I learn my market, am able to consistently find deals, and finance them on my own, wouldn't you say so?)

It has 9 spaces and NO on street parking (just no room for it) Code would require at least 12-13, but the bigger concern is as we upgrade clientelle, they are much more likely to have 2 cars and this section of the road is already over crowded which doesn't help the curb appeal of the property.A possible solution is a vacant lot directly behind the subject property owned by a local business.

I am in the process of reading the rei beginners guide and was looking at the real estate market cycle.

Court documents, or a call to the bank's REO department might get you to the person/persons to speak with concerning your interest in purchasing the asset.You may be able to purchase the note prior to foreclosure, or purchase directly from the bank post foreclosure.I worked for a California bank back in the RTC days and handled their REO portfolio in AZ.

So i am in the military and receive roughly 1400/month just for housing and where i stay now they take it all so i don't see that extra money.I was wondering if it would be a good idea to buy a manufactured home for say 40k and pocket the rest of the money left over from the mortgage for a year and a half until i leave the area.My concern is selling / renting out the manufactured home, do they sell or is it usually easy to find tenants ?

I understand he need to purchase tires but that is not my concern.

Be sure to check out the Ultimate Free Beginners Guide That should give you some ideas to get started.

This is in Michigan, do I need to be concerned with state laws?