An expected project of $50K can easily turn into a cost of $75K. 

If you are aggressive and know what you're doing, you could easily get 100 rentals under management within a year.An easy option is to read books like "Every Landlord's Legal Guide" by NOLO or Brandon Turner's book "Managing Rental Properties" to get a better understanding of what it's like.

Hi @Carlos Romero Lott,As @Jack Tulloch mentioned,On BiggerPockets, you can use the Network --> Hard Money Lenders --> Filter by state to get a starting point for hard money lenders in Michigan.Also, connecting with local investors through meetups/REIA events can be helpful.

If they are professional, they can explain this quickly and easily.

If they are professional, they can explain this quickly and easily.

SFR could easily be rented under $1,000 in 2008.

I could easily put 40+hrs a week in just not 9-5 everyday.

Refinancing or paying a little extra on your payment can easily offset nearly any rate. 

I'd keep that heloc available for when smaller renovations that you can easily cover with your cash-flow.Good luck!

Landlord maintenance duties not mentioned ... regular cleaning, changing lightbulbs, regular landscaping, changing filters. 4.