Just think about your goals, daydream about them & feel the energy inside just burst out to help you navigate through those rapid waters.

Hi Tareak -- If the property is in Grand Rapids it's good to know that the city's current practice has been to deny any requests to convert current SFRs into 2-units. 

It seems to be a very successful strategy and one that can result in rapid growth. 

@Lana Lee Lana, that is a main reason my potential partner and I were interested in PA because of the rapid appreciation going on there.

I would use either a credit repair company so that you can get a rapid rescore or go with a short term loan then refi after a year however you have to make sure that you will qualify for that refi based on credit and possibly DTI depending on which lender you go with

It reminds me alot of 2004-2006 when you would see new housing subdivisions popping up every weekend.My personal boots on the ground examples (Grand Rapids, MI) include seeing lots of new high end apartments being erected every month, with tons of amenities going up with rents that compete with the run-down 16 unit buildings that were built in the 1990s.I'm curious about the BP community's thoughts on the possibility of a pending bubble burst in these multi-family apartment complexes?

We fought this tooth and nail when it was introduced in Grand Rapids. 

You've been ultra accommodating and switching over to a strict hardline will likely make things unpleasant because of the rapid change in attitude.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Grand Rapids.

Investment Info:Single-family residence buy & hold investment in Grand Rapids.