However, adding an extra $350-$400/month from adding a third basement unit would definitely make it worth it.

This has definitely been a good learning experience for a newbie investor.

So definitely quiz the HML on those topics as well.I have a separate list of things to speak to a long term lender if you are looking to buy and hold if you need it. 

Definitely a lot more difficult to cash flow nowadays and it seems to be getting tougher. 

There are definitely deals still to be had in this market but it's getting more and more difficult.My suggestion to get started - since you're in Michigan, would be to start building a team (and even fly down to meet with people and network) to build relationships with people rather than just trying to do it all from afar and alone.I don't know anything about the Michigan market, or what you're plan is with investing, but Dallas is definitely a great place to buy, but the numbers still need to make sense.

Foxconn and Amazon are definitely game changers, and this is not like Detroit. 

Also, your realtor should definitely be helping you to comp on this particular property.

Great post and will definitely explore the links.

It definitely is vacant at the moment.2) I keep getting sent to voicemail at city hall.

One thing's for sure: GC definitely wants people to sign up for his new Cardone Capital fund :)