The "NOT" so short and sweet of it

[David Hicks]

Hello All, I am pretty new to the landlord game but have been interested in REI for a little while now. I've run the numbers on my goal and would like to acquire at least 65 units within the next 5 years. Ambitious I know but I believe with the right guidance and education I can pull it off. To ramp myself up, I would like to acquire at least 2 more units this year, 4 next year, 8, etc... The difficulty I have come across is the issue of DTI and finding new ways to fund my annual goals. I'd be interested in seller financing without a doubt and recently moved my goal from SFR to MFR after losing out on a possible BRRR deal. Since I'm making it a MUST to stick to my goal before year-end, the MFR seems like the best way to kick start the dream. Currently own 1 SFR in the Royal Oak market and am looking to spread properties over the Metro-Detroit, Toledo and (random I know) the Traverse City area. In TC specifically, I'd like to keep a unit or two in smaller MFR's as a vacation or Airbnb rental for peak seasons. Looking to build relationships with those having similar goals, seasoned investors willing to lend advice, and potential partners. Also, would love suggestions for team members in the TC, Toledo and Detroit area (affordable attorneys, property managers, accountants, etc..) Thanks for reading the long-winded explanation but I figured it would be easier than a bunch of smaller posts.