The response to this question is somewhat subjective; but, regardless of where you are, there are several items to contemplate as you decide whether or not investing in rental property is right for you. These include the following: mandatory disclosures, the scope of tenants' rights, any restrictions on deposits or pet rent, and, finally, how difficult an eviction may be if there is a conflict. This being said, Michigan is the home of tourist destinations like the Henry Ford Museum of American Innovation, the Detroit Zoo, and the Motown Museum as well as schools like the University of Michigan, Michigan State University, and Michigan Technological University, so you won't have any shortage of potential short- or long-term visitors and tenants if you're nearby.