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.

generally speaking your total cost of ownership of a C  class compared to A class is going to be more when it comes to turn over costs  cap ex caused by tenants  etc etc

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

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!

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

Do some research for market rents, STR potential, and comparable property values.Use these numbers to help determine your ROI and potential return on investment. 

Clients deserve more for the work they do compare to the Realtors.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.