I would pay a lot to market in all the places they do.

We brought a lot to a buyer who was looking for land in the area of 33948 in Port Charlotte, FL.

Low cost of living, strong job markets, and strong monthly rental growth in both these states have a lot to do with it too.

Hi John-Thanks for sharing this list of Top 10 Real Estate Markets for Cash Flow in 2024.I too found it interesting to see Flint, MI on the list but as a graduate of the University of Michigan-Flint and Mott Community College in Flint and I am back there often enough to say Flint has done a lot to develop itself and a lot of money has been poured into Flint after the water crisis.I say good for Flint.

Most PM companies have a requirement where the tenants income needs to be 3x the rent per month.There’s more to it than that - but it’s a lot to type out.It’s a popular strategy for those looking to get into STR/MTR and can’t afford or can’t qualify to purchase a home themselves. 

A conventional loan by definition is a loan that is not an insured government loan.A lot to unpack here after 8 months.Conventional absolutely does mean a Fannie Mae or Freddie Mac loan. 

Step off the edges of the parking lot to see how big it is. 

Honesty is a hard pill for a lot to swallow.The new investors who show up prepared, take a couple lumps on the chin, and learn from it and engage productively, will be doing deals in no time.

Additionally, what if I sell the extra lot to an owner occupant and rent out my units.  

talk to the dept of health first (records requirements etc), establish what upgrades/maintenance required, line up a reliable repair/handyman/type person, consult lawyer, and then make your offer, see if you can buy the land it's on via lot line adjustment (ideal scenario). a lot to be aware of, such as system upgrades or county code changes bringing in the requirement to add metered connections to an older small system, for just one example.Otherwise- owner doesn't want to manage, I doubt you really do either but could be wrong.