In the long run because of rent caps, I was able to rent it for more and that essentially made back the money I 'lost' due to damage and unpaid rent. 

In May of this year, I reached out to a property management company I had worked with in the past to inform them that I had a property becoming available and to request a Lease Option Only service (essentially where they find a tenant and I self-manage from there).

Since inflation was so severe for the last few years, they had essentially decided to raise interest rates aggressively in order to fight this high inflation even if it came at the cost of slowing the economy down.

In that configuration there is some key elements, namely access, utilities and layout.  

Grand Rapids is definitely a good market for multifamily investment as it has also seen rent growth unlike other parts of the country for multifamily.It is also a more affordable place to invest compared to other parts of the country and Grand Rapids is generally landlord friendly.A quality property manager is essential for an out-of-State investor and there are some good ones locally.To Your Success!

The problem is the 30 day right to cancel which will essentially kill the business. 

Can't be fixed by various doctrines that govern.So essentially, welcome to the lawsuit.

Income approaches (direct cap) are most relied upon in MH parks because the buyer is buying them as an investment and its the income stream that you are essentially buying.

One of my favorite places in the world.We have some MF units essentially operating as mini hotels. 

Essentially, all the comments I have received on this post have only reinforced my decision, and I am really glad I did not fork up $5800 for a program that really seems to bully a diminish all the women it claims to support, and I likely would have been part of that group.