"When I think of Jesse Rook, I think of someone who is polite, patient, caring, selfless, and the type of person I would want to work with when buying and selling real estate.Born (in New Mexico) and raised in Grand Rapids, MI, Jesse is a native to the West Michigan area and brings with him years of experience of the ins and outs of neighborhoods.What sets Jesse apart from other agents is that he puts his clients first and himself second.

However, if you purchase in a location where rents outpace inflation and there's rapid appreciation, even a marginal first-year deal can become a killer deal over time.

One thing that scratching my head is, If section 8 rentals for a 2 bedroom are $2013, why is the market value for a non section 8 rental $1400-$1500 in Grays Ferry?

That's way over my head.

All that said one of the things like about these smaller markets, is just less overall competition and the ability to kind of set your own comps, while it hasn’t sold yet so I could be wrong, it was hard to comp tbh, but this town (about 1.5 hours from dc) is growing rapidly, my parents bought a house for 350k in 2019 now worth 600k.

We are usually at about 1.5 times median and rent to people who are looking for a lifestyle and not just a roof over their head. 

It's human nature not to factor in their time, nor large episodic real estate expenses etc.almost forgot this table chart from Mary Callahan Erdoes , she is the head of JP morgan asset management which has hundreds of thousands of high net worth investors, They are quite stringent when comparing their own investor's returns to other Asset classes

The idea of selling the properties pops into my head at least once a week.

Great location in fantastic school district, rapidly growing area, showing great potential for future rental.

Grand Rapids is a fast paced market.