@Adrian ChuARV $140,000County assessment $78,900Taxes are $2,287 ($190 a month)Insured through NREIG at $556 ($46 a month)I bought it cash but will refinance it for $60,000 @ 5 75%.P&I $350Total liabilities $586It will rent for $1,200$1,200-$586 = $614 cash flow and CapEx

But this industry will literally eat you alive.

I would be concerned about insurance not covering you if you had an unpermitted apartment in your basement that circumvented local zoning.

(I went to UofM Dearborn so I have basketball players rent out the bottom unit)The only thing that made it hard in Dearborn was how high insurance and property taxes are.

@Lei Zhao agents in this industry agents get paid for results not effor.

I always used to hear people in the real estate industry say, "Follow the artists to find the next hot neighborhood."

You need to be aware that your e&o insurance will not cover you when you are a party to the transaction.

Will I be able to get title Insurance?

This is split between investing and brokerage, but it is still a substantial amount of time in the arena.The industry is not for the faint of heart.

I recently have had the opportunity to work with a group of wholesalers and take on the industry by storm.