Cost per lead (CPL) is crucial—it shows how much you're paying to get a potential seller or buyer’s info, and you want this as low as possible without sacrificing quality.

If you're just starting, focus on free or low-cost resources to build your foundation, and consider mentorship later if you need personalized guidance or want to accelerate your progress.Good luck!

Low vacancy rates, rising rents, and high tenant demand for more space/good school districts. 

That's a very low amount given it's a commercial property.

Install low profile LED lights or wall sconces.If this is an investment property you need to be thinking about returns.

Common sources of such properties include:Foreclosures: Homes that have been repossessed by banks due to non-payment.Distressed Properties: Homes that are in poor condition and need a lot of work.Auctions: Properties sold at auction for below market value.Off-market Deals: Properties that aren't listed on the MLS but are available for sale through direct outreach or networking.The key is to buy a property at a price low enough to ensure that even after renovations, the home will appraise for a higher value.2.

Idle money is the quickest path to low returns and does no good for anyone.

@Stephen FlemingFrom my experience working with over 400 investors, your strategy of leveraging a low mortgage rate, tapping into home equity, and diversifying with a short-term rental (STR) in Northern Michigan is well thought out.

Make sure you buy it low enough to make it worth the trouble.

Interest rates will plummet and you can refinance that property, lock in 30 years of low interest rates, pull out equity, and buy another!