And it's worked for generations and the wealthy for a very long time because mutual insurance companies understand the human lifecycle quite well (law of large numbers), they're well regulated, make safe and sound investments and in several cases have paid out dividends consecutively for over 150 years (Mass Mutual, Lafayette Life, etc).

Conservative LTV first trust deeds are currently paying over 9%  and generate good cash flow when buying doesn’t make sense.Yes that´s another wonderful alternative, I invest in notes as well, got no tenants & no toilets and with those interest rates a return, where I don´t need to buy real estate for cashflow.

I knew that in Michigan (and im sure across many states as well), you can purchase your first home with only  3% down on a conventional loan, or 3.5% down with a FHA loan.

If you've been living in the property for 5 years, you won't have to pay capital gains taxes as well. 

Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder, etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

I definitely have and I love this area as well.

Since the depositer is not the owner of the account, this receipt does not show the account balance.I then have the option to sweep their deposit into another account that does not have cross collatoralization. 

I effectively got it for free and was able to make some renovations as well, now this property cash flows and has great tenants.

This makes sense as well and defiantly will learn from this information and I appreciate you taking the time to reply 

Good luck to you as well!