However, if your goal is cash flow, it might be tougher because of the higher prices and lower RTP ratios.

Stay focused on your goals, and best of luck on your journey in real estate!

My goal is to maintain good relation with tenants and have excellent communication.

Take some time to think about what it is you want and then make some goals.

It really depends what your goals with REI are.

Expect to spend a considerable amount of your time speaking to people.Expect to work dozens of hours/week with little to no immediate result.Expect most of your early interest from potential clients to come from your sphere of influence.Expect to go 3-6 months without getting paid (unless you do rentals which usually pay faster)Expect to be bombarded with distractions - mainly, people/companies marketing to you so that you choose their system for quick and easy buyer or seller leads.

@Brandon EikeFrom my experience, finding your first deal starts with clearly defining your goals and thoroughly learning the market.

@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.

Feel free to add me to your network and let me know how I can help you reach your goals!

This gets my mortgage payment barely at break even for LTR value, (could be negative cash flowing), and lowers to about a 6% CoC (with down payment, renov and furnishings' costs)About 1.5 pt lower than my goal and with an MAO $10K higher than I wanted.b.