Good day,my fellow Michigan investors I hope to create as much value to fellow investors as possible.We can network with each other to create value in each others lifes and undestand market trends as well as changes.

@Vincent Gamboa creating a company like an LLC is relatively quick and easy, presuming you know what you want.

I had 2 offers the first day we listed it for sale.I still buy the lower priced ones and rehab them but then I hold them as rentals.Sort of a rule of thumb for me is anything under $100k = rental above $100k is a potential flip.It's a bit of a slippery slope though because I avoid higher end homes which would be $400k+ in our market because they are harder to sell and I don't want to get stuck with one in a downturn.

My rule of thumb is about 1% of insured value. 

Brokers will over enforce rules so that there is no possibility of an issue arising.

I am ready for the real estate business as I see this as a way to diversify my portfolio and create long lasting wealth for my family. 

The more property we buy, the more monthly income, and more forced appreciation we can create with sweat equity, and our paper net worth increases nicely as well. 

I have a property I'll have title to and close this month what are the guidelines for getting a line of credit on the property? What are the rates with good credit score and loan terms?

My goal is to acquire 5 units within the next 24 months and creating an average monthly cash flow of min. $1,000.00.

I think the impact would come from the loans that were previously modified at ridiculously low 2-3 percentage interest.It's hard to compare apples-to-apples without knowing which kind of notes the fund you're referring to is investing in (or creating)