its a booming market! 

You can get screwed on changing markets and unreliable contractors though.  

Unless you are sourcing properties yourself off-market, REI became much more challenging in 2023, and downright brutal since the start of 2024 here.   

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

And when an all brick 5+ unit comes to the market it is grabbed up incredibly quickly and oftentimes on future value not todays value and current NOI.

I think you have the basics of meeting partners and people to work with in your local market and seem to be well on the way with two deals going already so big congrats there!

So they used the actual rented data of these companies to compare what rentals should go for in your market.

I am in Tampa Florida so the investment market is huge here for both as well. 

I'm happy to share insights and see how we can help each other.What market are you focusing on?

My son currently lives in the townhouse b/c he is going to school and works in the area.Since he is young and starting out in life, I would like for him to only cover the basic costs (taxes, HOA, utilities) just enough for me to break even (I believe that will put him slightly little lower than market rent rates).