When will they start charging the management fee?

@Alex Johnson Detroit-Michigan falls in the middle of the pack regarding "tenant-friendly".As you start to build your Core Four, NEVER believe what people tell you unless they can explain it logically or provide 3rd party proof.Here's 3rd party proof that Michigan is in the middle of the pack:)https://realwealth.com/learn/landlord-friendly-states/https://www.lawdistrict.com/articles/most-renter-friendly-us...

I just realized Chat GPT has, if not soon, probably killed Cliff Notes.

I start off by saying, "How much money do I need to make to make a flip worth my time and effort?"  

Back in my day, if you missed a payment (which as an investor I never did), the loan servicer would just start foreclosure proceedings as soon as possible.

I got my start in 2017 doing what you tried, STR arbitrage near Disneyland.

As soon as we had the money saved and the opportunity presented itself, we jumped on the chance to start this journey!

I ended up getting about $20k back at closing (on a purchase) and used that to start my renovations on the vacant units.

I’m a  new landlord so I don’t know where to start. 

Not sure if @Ronald Rohde still posts here but he is probably a good starting point for any TX transactions.