Although all of the Los Angeles metropolitan area's twenty-one office submarkets contributed to the metro's recent rent growth, it is worth noting that the 0.8% asking rent growth rate of the past 12 months compares unfavorably to the metro's long term performance.Competitive Inventory, Employment, AbsorptionTotal employment in the Los Angeles metropolitan area increased by 14,200 jobs during the first quarter, representing a growth rate of 0.3%, while in the dominant office-using industries, employment grew by 4,600.

You could test the waters with one or two rehabs, see how they perform, and then decide if a full transition makes sense.Leverage Your Skills:With your contracting experience, you can save significantly on rehab costs and add value quickly, which might give you a better return on investment compared to the time and effort spent growing the IT business further.Final Thoughts:Ultimately, it might come down to where your passion lies.

Then you compare them to see which ones has the best rates, terms, less legal hoops etc.

One needs a good bit rehab and houses in that area of NC are now going for 280k and renting for $1200 with comparable sq ft. 

the home ended up selling for 2.2M Don't compare yourself to other more experienced investors.

Regardless of the lender, expect a higher rate and cost associated with a DSCR loan with no prepayment penalty compared to a DSCR loan with a prepayment penalty.

I compared the cashflow + appreciation + loan paydown + tax deductions against those of the other properties I was considering a 1031 exchange or Section 121 into.

Ken, it’s not official - I’ve just been looking at various recent sales on Zillow and comparing to sold prices of the same property in 21, 22, and 23.  

The price points combined with incredibly low interest rates compared to the amount charged for a student room rental in the city center was pretty appealing.

Grand Rapids is definitely a good market for multifamily investment as it has also seen rent growth unlike other parts of the country for multifamily.It is also a more affordable place to invest compared to other parts of the country and Grand Rapids is generally landlord friendly.A quality property manager is essential for an out-of-State investor and there are some good ones locally.To Your Success!