Talk to all of the local credit unions.

I found this deal off market while making relationships with local real estate agents.How did you finance this deal?

I am still very active in my local market as a host of the WWL Home Improvement each weekend.

This is also the best thing, because many out of state investors find it confusing and stay away, which keeps our returns much higher and wards off Wall Street investors from buying up swaths of houses, which we've seen in other markets.As an STR specialist, keeping up with zoning and regulation statewide is a huge part of my job.I also host monthly short term rental events for local investors, monthly webinars, and I also often get furnished, turnkey off-market STR properties.

A suggestion I would give you is to find a couple "for rent" signs in your local market, get the address and start "running your numbers" on the rental property calculator that BP has for us on here.

However, it seems my local area (San Jose / Bay Area) might not be the best as I know most of the win is in the buy.

You can meet and network with local house-flippers, wholesalers, real estate investors, real estate portfolio owners, etc. 

@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.

I found my local zoning and coding department this year...have an email correspondence with them, hopefully they can help.

.- Most cities do NOT care if an owner lives in basement, but will not allow a tenant to unless baement has legal egress window.3) Check local statutes if any limitations on how many unrelated roommates are allowed.4) Check with local building dept to see if rental inspections and corresponding requirements.5) Local statutes allow locks on bedroom doors?