I assume when you say "the numbers work" that you cash flow positive...How much is the condo, what are the HOA fees?

I just spent a few minutes listening to what someone calls a course on real estate investing.

I usually purchase a list of 30k - 50k records and run the dialer at 1000 voicemail drops per hour, for 3 hours per day, 5 days per week.#2 - Everything comes through CallRail: After the RVM's are sent out, calls start to come in through CallRail.

Or take a loan out and make $200 per month and hopefully appreciation.  

Paying that much interest makes my skin crawl ha...I've always looked at a property netting $100 per month as not worth anyone's time.

I'd be curious to hear from the pros on how this law will affect this group of agents and how folks like me, who will be using a flat-fee agency, should handle working with them when it comes to commissions?

@Danny Van you can also attend Oakland REIA and MREI, both held monthly in Troy.Regarding what to do, first you'll need to call the City and get their rental application to fill out, pay the fee, submit and schedule the inspection.It's mostly a health & safety inspection: smoke detectors, a CO detector near furnace, handrails, GFCI's. etc.WARNING: Warren doesn't really like landlords, so they can be picky about previous work done without permits - even if it was done before you bought the property!

Even with a tax deed, the former owner can still redeem by paying the taxes plus 12% per annum interest.  

 tenant intiially voiced they wanted to stay at least 4 years due to the school district before signing. we are almost through year one with them, and will need to restructure our lease in a few months. they have been fine tenants.i was thinking about incentivizing it, but want some expert opinions. they currently pay 2795 a month, but a total of 2863 with the property mangement fees( pet and "convenience" fees) but we are getting rid of our property mangement company and doing it ourselves. trying to think of the best way to pitch thisso what i was thinking was:2863 for 3 years ( it would stay flat for 3 years)2925 for 2 years (flat for 2)2975 for 1 yearthoughts?

Per house it should be 5-6 years between problems.