I bought in a suburb of Atlanta, GA.The Numbers (all annualized):Paid Cash: $77,400Rehab: $21,000 ( estimate was $16k, but when we turned the power on after closing, the HVAC unit was dead).Closing, commission, legal and other: 10,000All in: $108,400Current comps: $115,000Rent: $13,140 Management: $1051.20Insurance: $700 HOA: $150 Property tax: $1,527 NOI: $9,711.8Cap rate: 8.4%The HVAC unit cost 5 grand and was an unpleasant surprise.

We're feeling a bit sad with the inventory we've seen in Grand Rapids. 

In light of all the guru, snake oil sales types you'll find these days on TV, you've probably found the best resource to get started right here and at the right price.If possible, my suggestion is using owner occupant financing to buy a new home, rent out your existing primary residence and repeat the process until your portfolio is where you need it to be to comfortably retire, pay for your kiddo's and grand kiddo's education, sit on a Caribbean beach with an umbrella'd drink in your hand...whatever floats your boat! 

Your buddy Jack can lend you a few hundred grand, if Jack wishes to, under whatever terms you and Jack negotiate, to the extent allowed by law.

Peanuts in the grand scheme.

seems like you are looking at a property at market value that needs work.I don't know the size of the house (maybe I am just blind or senile and its sitting right there), but say its 1500-1600 sq ft, you are probably in the $10K range a new fence will run you a grand or two depending on the size. 

Buy and hold rentals will be funded through use of fix and flip capital – 1 for every 5 fix and flips completed.MARKETOur markets for the immediate future will include: Phoenix metro and surrounding areas, Maricopa city, and Casa Grande.

I am looking to see if I can do a simple probate for a couple grand or less.  

I've been looking, researching, watching for 6 months now, which in the grand scheme I know is not a lot.

Over the last year I have come across several members looking to house hacking in the Grand Rapids area.