So I'm not trying to bash the market there, just speaking in broad generalities and of my own opinion.

Feel free to dm me if you want a 3rd opinion on your home.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

@Christopher Smith there are many...but in my opinion really only three companies out there that offer the ability to 721 into a large and diversified REIT that i'd feel comfortable with. 

They found it out, andI had to go to the planning board and zoning board, hire an engineer and architect to make the fourth unit legal.In my opinion, the realtor should have verified the zoning, and if you used bank financing, it's pretty rare for the bank to miss it as well.You are probably going to have to hire an architect to draw plans and to get it approved as a triplex.I wish you luck.

But I would remain open to long-term rental as an option as this seems like a more stable option in terms of income, again this may be my inexperience talking.However, I have always  been somewhat risk averse and investing in real estate is always a big venture, in my opinion/experience, in terms of capital.

In my case it was someone who knew a friend of mine and that friend vouched for me.In my opinion it is a great way to go if you have it available.

The asset management piece of investing is not focused on enough, in my opinion. 

Let me know if you have any thoughts or opinions on this I appreciate you reaching out.

I am considering getting into this space (looking at some courses), but worried that its too late, and that deep local market knowledge/understanding of buyers/connection with developers etc is required to make this work, which only incumbent/long term investors will have and would be hard for a new entrant starting from scratch to catch-up...is my hypothesis valid in your opinion ?