This also leads owners to ASSUME simpler is better when it comes to management contracts.

This would be my second REI; I have another house that was purchased with a conventional loan. 

@Brad Kanouse,If you take a distribution from an IRA - it will be subject to taxes and penalties.You can convert your IRA into a "Self-directed IRA" and have the IRA buy the property, in this case you are not the owner, the IRA is.

Curious what current wholesalers in the state plan to do when this new law starts??

You need to let the tenant know this and that an eviction can affect their standing with the housing program.Since you did not know this basic thing, I would really recommend getting a property manager and watching how they manage until you have a better sense of how to operate.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we have data on.PM us if you’d like to discuss this logical approach in greater detail!

What made you interested in investing in this type of deal?

This is to keep everyone's alarm from going off anytime one person burns toast.

She’ll be out by Dec 1.Given that I’ve been paying about $15k on this property every year, it’s been a money pit.

10 acres What made you interested in investing in this type of deal?