Quote from @Mitch Davidson: I haven't rented to FEMA, but I have rented to other government entities without issues.

I just don't like to see the government adding all the regulations and significant costs (those systems aren't cheap) as a knee jerk reaction to tragedies. 

So far, I’ve only invested in stocks and the idea of investing in real estate seems somewhat risky to me.Kyle, A couple of years ago, the Federal Reserve Bank of San Francisco released a groundbreaking research paper called "The Rate of Return on Everything, 1870-2015".

In our client’s experience, landlords often receive only the government portion, not the tenant’s portion.

@Ryan Raven most states don't care if you screw up the management of real estate you own personally.The government does have a problem with an unlicensed person/company screwing up the management of properties they do not own.

But….You can see you’re being screwed over by the power company, or the government, or both.

The tenant pools are great, as we are the State capital, we have two MAJOR hospitals, government jobs, large developments happening (out-of-state union workers), MSU, Lansing Community College, and so on. 

Why would the government waste our tax dollars paying higher rents than the market?

However, prop 13 is a gift to long holds, my interest rates are high 2s or in the 3s, and everything was financed (cashed out) between Dec 2020 and Dec 2021 (when the government tells you they are going to raise interest rates, it is generally a good idea to believe them).

You also will face a byzantine, corrupt, and incompetent city government.