Out of curiosity, are condo conversions allowed and/or popular in your area?

Just a question out of curiosity.

Also that requires SEC filing and compliance and the cost capital is accruing while you search for properties to buy.Make sure to discuss this with your account and attorney including an SEC attorney to ensure you're in compliance with state and federal laws.

Fully agree that people in the area are going to prefer a SFH with yard.Out of curiosity, is it the Wendover Green development that you are referring to? 

Hi Nathan, just out of curiosity are you how did you get familiar with the Grand Rapids market?

Out of curiosity, does the lease indicate whether the tenancy converts to a month-to-month or renew for an annual term?

I'm jumping in here with layered curiosity and time sensitive URGENCY. 

After I have created a little breathing room, and can perhaps cut back to part time work, I would like to start ramping up and branching out into flips as a way to accrue capitol for larger multifamily units (2-4 units).

If you take the $15k out now you can quickly put that capital back into another deal faster than if you accrued the $100/mon cash flow for 12+ years.

He said he didn't need the money immediately, and would just essentially "loan me" the 100k and let it start accruing interest for the next year or two.