You're right that it's getting tougher to find solid cash-flowing properties ($600 or more) in Grand Rapids, but the appreciation potential of a single-family home or duplex in Grand Rapids would be much better than that of a mobile home.

@Allan C. is correct in using your high income to quickly get your seed money.Target appreciation: Look for properties in up-and-coming markets or those with potential for renovation to increase their value.

Then it could potentially be legal depending on how it's worded.

But it's not for everyone, especially the weather.Regarding starting a PM business, I would want a less mature market that has a lot of growth potential.

Cost segregation and bonus depreciation may create paper losses during the holding period, potentially offsetting some preferred return income if you have passive income or qualify as a real estate professional.This post does not create a CPA-Client relationship.

You’re absolutely right about the market potentially shifting, and this is where those who are ready to act and think creatively win big.

We've had several situations where a potential client would tell us what we want to hear.

I’d recommend keeping the funds separate for each property to avoid any potential co-mingling issues.

Cities like these offer untapped potential without the intense competition found in larger metros.3.

Do you believe in it’s mid to long term growth potential?