All lights were green and there was a pileup, leaving behind a mess of twisted metal and broken glass, and a few personal injuries to boot.The syndicator crowd coined the phrase "survive until '25" under the hope that by 2025 interest rates would correct and their deals would be fine. 

I knew nothing about renovations, home ownership, or property management, but I had a vision, determination, and a mentor in my dad.

I’m talking about getting thorough with expense estimates, factoring in property taxes, insurance, and a cushion for maintenance.

To me it seems the properties will be in rough areas which has higher turnover costs, barely any appreciation and a head ache.

For a sample, consider a $295,000 project with a down payment of 5% and a mortgage payment of 7% interest.Good luck!

Increasing job growth and a strong economy brings an ideal investment in these markets.

They are paying for some repairs now after I've had several issues and a brand new tenant moved out, but I'm still paying a mortgage without any rent coming in during those months. 

Purchasing a STR in a somewhat sketch area is a terrible idea and as others have mentioned, is going to open you up to potential issues. 

I'm from Grand Rapids.I use a 11"x18" graph paper and a daily morning workflow - combined with Google Calendar.

I'm a licensed contractor focused on interior remodels, and a realtor as well, reach out if you have any questionsBest,Ryan