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

For this reason, I would take inventory of the local banks within your target markets that offer financing options that best serve your real estate needs (again, usually the smaller local banks), and build depository relationships with them.

The result is that many of the multi-family properties that targeted Section 8 were vacant and went into foreclosure.

I’d also look at local amenities, school districts (if targeting families), and proximity to major employers or transportation hubs.

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

Addressing Housing Demand -California’s housing shortage is well-documented, and SB 9 directly targets the problem by promoting small-scale, incremental density increases.

I would recommend targeting 30 day minimum rentals (Most associations are 90+), allowing 12+ rentals per year (most allow 1-3), and no in-person screening for tenants required.

If you're targeting a specific market, I suggest connecting with local investors through meetups. 

The investment portion of 3 units equals their reinvestment target of $600K. 

You sell when it fits with your original business plan (targeted NOI is reached, timeline is reached, etc.). 3.