If you are the one that the contract is assigned to then yea, you might want to find a title co that allows absentee buyer.... maybe someone that can be there on your behalf like an attorney that does settlements.Kudos,Mary

Kudos, Mary

Kristine Marie Poe Yep, I have a pending eviction now with a tenant I offered money to so they would just leave.

Marie.

Although, I haven't lived in Michigan for 10+ years, if you're willing to buy a property and put some TLC into it, the rental rates seem to be on the rise due to how badly the city was hit.One thing to consider in this market, some properties may be subject to sale ONLY if you're a Michigan resident.

@Mike M. I

Metro Detroit REIs,I am in need of a trustworthy handyman in Oakland county, Michigan.

So much great information here... and a pretty good SE Michigan contingent.Colleague request sent.

FHA has a lot of mortgage insurance so I would make sure your numbers pencil out and you make your desired return even with vacancy, repairs, mgmt (unless self managing), and capital expense reserves in. 1.75% upfront mortgage insurance is financed - this percentage is based on the base loan amount + 1.35% annual mortgage insurance premium from FHA (if you put down 5% or more the MI drops to 1.3% annual) this is paid monthly along with your mortgage taxes and insurance.

There is a pretty good SE MI contingent as well, so reach out and engage.