We are late in the game for this years sale, but I am also thinking the bank may step in and pay the lien on the residence, allowing time for discussions with the Owner. 

Doing so ensures they've had notice sooner rather than later, and also so they know I'm running a business and not simply enjoying a hobby in real estate.On the other hand, if the tenant doesn't pay the rent when due, the law in Michigan only requires a 3 day notice.

These are also generally slower times for almost all listings, so don't get discouraged!

Looking at Visio lending at an option as well.Visio seems more established and longer time in business.

This isn't including other expenses I know but I was planning to self manage the property and hope rates continue to go down so I could refi in the future and gain more margin in rental income.After further analysis and speaking with a friend thats a real estate agent I may want to shift my original plan and sell it.

A fence replacement is generally considered a capital improvement, so it would need to be depreciated over time rather than deducted as a repair.

Since all of this money is being borrowed and paid back in a short amount of time.

With the current economic conditions, how are shifts in interest rates and inflation affecting your investment strategy in the U.S. real estate market?

Things are going well with this property which has sparked this desire to seriously pursue Real Estate Investing as a full-time business!

First time poster with a 100% LTV deal below a lender's cost of funds for a Fannie/Freddie deal.