Now, pair this strategy with the concept of house hacking, where you live in the property and rent out rooms to cover your mortgage expenses.

For example, an employee of mine bought a cabin to live in in 2014 for $42K.

They can implement or may already have rules like no rental signs, HOA needs to approve any application (but they might only meet quarterly), no pets for tenants, owner must live in the house for 1-2 years before renting, no leases less than a year, limit on # of rentals, and more.   

@Dave KushIf someone calls me when I am on the dnc list I am gonna make their life a living hell.I will hire a VA to spam the hell out of them and teach them a lesson.

It depends on how often your units turnover to figure that out.  

I currently live & am looking to invest in Michigan.

There's a lot of great areas, but it depends on your goal. 

In general Land purchases very much depend on the end goal and end use you have in mind, then once you have that defined there will be various DD items to complete depending on that use and your intent to develop, hold, or sell it. 

If there are any real estate investors on here that live in Fort Worth, Texas, would y'all like to meet up?

Depends on what you are using it for I guess.