@Joe BellevilleTo build a successful multifamily property portfolio in Grand Rapids, set criteria for property type, location, and budget, build a team, analyze deals using the 1% rule, leverage house hacking, leverage local knowledge, prepare for tenant management, network, and focus on long-term goals.

Depending on where this rental is located, you'll want to make sure you file it with the right court (Magistrate/Superior). 

Hi BP, i’m curious if anyone has moved an electrical meter without upgrading service. i recently upgraded a meter and was forced to move it to a new location however now i can’t pass inspection because the service enters the building before the meter (only good route to get to new meter was indoors) i really want to avoid a new electrical drophas anyone found a way to enter the building before metering?

If you're in our area I would love to connect and learn.Side note - Lansing (the capitol) was not a location option.Shawn

------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I don’t have a lot of money right now and I was considering putting my current home up for rent and moving into a new home in a new location. 

We self manage from NY and FL.This location has proven to be on point.

Where are you located?

Or, the actual location could be terrible (like ghetto or drug area or war zone).

And it's in a super convenient, central location, closer to downtown San Francisco than most of SF neighborhoods, and easy access to the whole East Bay.