This would provide me with four rental properties and a primary, all of which cash flow and appreciate well.

Same goes for contractors in case your primary is busy on another project.

Hi @Justin Lee ,Congrats on all your success so far getting educated and buying a primary residence for your family on the peninsula :) It also sounds like you're driven and motivated!

Does anyone know if a home equity line on your primary residence goes against the 10 mortgages you are allowed to have? 

Macomb county is my primary focus.

The explanations certainly make sense.

I am also using this strategy on my former primary home in Michigan.

I will not be using property management (primary residence) but I am keeping it in the expenses in case I decide to use PM later on.Purchase Price: $470,0003.5% FHA- $16,4503 units (no rent control)Rental income: $3500 (actual) / $3800 (projected)Monthly P&I, incl. property tax: $2,825.10Total monthly expenses including vacancy, management, capex, etc. - $3,416.77Pro Forma Cap Rate: 6.06%Purchase Cap Rate: 6.15% 

there are a number of factors to think about, the primary one being the length of time you plan on holding.

On a primary you can get a down payment as low as 3-3.5%.