What type of insulation material are you going to be using?

I don't know SA, but if you're looking on market, you will not get those types of returns anywhere - not in SA, not in Cleveland. 

I am not even sure if the villages offers this type of real estate in which we could “house hack”.

The best way to estimate expenses is experience and knowledge of your specific asset type and market.For vacancy, that will depend on your market and the quality/desirability of your type of unit.

Would you use that type of in depth study?

So definitely include clauses in all leases that limit the types of businesses that can operate within the space.

I feel like there had been an increase in these types of broad open ended type posts. 

What made you interested in investing in this type of deal?

@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.

You can also close these types of loans in an LLC if that's a concern.