It looks like people are doing them everywhere but walk ability is a big factor.

For those that own properties free and clear, or even those that are financing, do you factor property taxes into your formulas?

Good morning @Daphney Jacques - yes, you can get into a property even if the owner is out of state.Once you identify a property that you believe is vacant you can look in the tax records to find their name & mailing address.

Many investors would not be excited by your example.The answer relates to risk tolerance; supply vs demand; and other factors (location, location)...But sure, one reason why investing in Real Estate works is because renters keep on renting!

I don't think you have anything to worry about California - ie, earthquakes.  3% net annual cash flow is pretty low but would be much higher if you factored in appreciation.  

That will be the biggest factor in determining seasonal demand up here.

Morning BP Family,Quick Question. 

Morning BP Family,Quick Question.

Good morning BP,So I will be purchasing my first rental property out here in the Dallas Fort Worth Area.

I don't know much about Michigan other than i hear property taxes are high so you had better be factoring that into you plan!