Forget if that money might come back around somehow, we cannot afford to keep printing money and throwing it down the toilet.Just my $.02In the full article I discuss the fiscal cliff we are heading toward (gone off and just haven't looked down yet like Yosemite Sam?)

I work with plenty of out-of-state investors who are seeing great success here in Ohio.Read this article on the "core 4".

You will find a TON of awesome people here on the forums representing our city who are willing to help you along your journey.My biggest suggestion would be to find some local meetups (https://www.biggerpockets.com/forums/521/topics/1211616-virt...) and introduce yourself to the host.

The post below has a link to it if you’re curious:https://www.biggerpockets.com/topics/693527It was my attempt to model the key financial incentives for REI, which members have mentioned above, like inflation protection, capital appreciation, tax benefits, equity build up, and of course the beauty of refinancing.If you’re familiar with project financing you’ll know as value of real capital appreciates regearing will boost returns quite significantly.

I would recommend listening to the BP podcast, they cover several different topics/investment strategis and it would be a good tool for a new investor that's unsure how they want to invest.

So, I know this is getting a bit off topic, but regardless of basis per unit, I simply don't see a property with $37k NOI today nearly doubling NOI when the incomes are that low for the area.  

Message me on BP and we can set something up.Original BP post (check it out to see how much of a dream this was for me 9 months ago): https://www.biggerpockets.com/forums/55/topics/1162005-first...Best, RyanOn a side note, if anyone's looking for a young, motivated, and incredibly knowledgeable agent in Grand Rapids and the surrounding areas, let me know and I'd be happy to connect you. 

Since the qualification is based on the property’s income (no DTIs/personal income), it can allow you to grow your portfolio faster than traditional financing might.Check out this article for more info: https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...Happy to connect and discuss further!

I discussed this at length here: https://www.biggerpockets.com/forums/51/topics/1075919-five-...Now, back to the "is it worth it?" 

@Kevin McGuire Thanks for the article.