I will definitely be relying on his expertise. 

It varies by jurisdiction but in my area most building code issues that were not in force when the property was originally built are not required to be remedied to get approval to renovate.

I have not lived in Troy and understand it varies greatly, but this area sounds good form the several people I've talked to. 

I wouldn't get a MFH that didn't cash flow- so it's not only relying on appreciation.

(Millage rates vary by city and school district in Michigan.)

Hello Account ClosedHere's a basic list you can use:5 -10% Vacancy (depends on the area and property condition.Operating Expenses 10% Property Management (Rates vary.  

This has been a topic in the past and you'll find varying answers and reasons...I do, but only in a situation like you mention.

The values vary widely in sometimes just a few blocks.

I relied on my phone and it died yesterday, and I was unable to find the place in Las Cruces.  

On an actual owner financed sale, generally varies from 4-10%.