There are people that do flipping in other states while they live in another state from the projects and they are successful, but they have built a team while doing it. 

Experienced investors typically value properties like yours by analyzing cap rates, cash-on-cash returns, and income growth potential.

I would use an experienced broker who can shop around and help you compare best terms on a National basis.

I invest there and have a full team on-the-ground.

I think the math should scale (i.e. for ~$2M I should be getting >12 bedrooms minimum).Does anyone have experiencing owning investment properties near UofM central campus, and/or as a property manager, that can comment on how the rental market has been for the past decade plus (stability, concerns, etc.)? 

➡️Develop a strong team and business structure.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

Building your team is by far the most important thing you can do as you get going.  

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

Would love to hear thoughts from experienced investors—does this approach make sense for a first-time real estate deal?