The higher the score, the stronger the applicant (1 = weak, 3 = fair, 5 = strong).

Depending on how many properties you have with a bookkeeper, those prices go down with economies of scale.

I still don't get the florida duplex with garages all one story. people need to learn to build 2 stories especially for economies of scale, drop the garages to force additional equity, etc. jay is right about Lehigh and the main thing is there's no net migrations.

Outside of my insights from data, there are a few things I'd like to pop in here to hopefully take this conversation in a direction that helps us all learn from this and grow in our businesses together, elevate the industry together, find a path to co-exist where each business contributes to the overall industry growth... challenges the other to innovate and create fresh new solutions for customers to win big... and leads towards our industry getting stronger not weaker. 

But I love Detroit and Michigan and want to see Detroit rebuild itself stronger than ever. 

I'm talking the one's with $5MM-$20MM are being told by their financial team that the prowess of the US economy is nothing short of amazing. 

Lose a job, economy struggles, tenants stop paying, etc. and you're in a very difficult spot.But hey, what do I know!

Buy where taxes are low on rental properties, populations are growing, economies are growing, and there are at least two of the following: Gov spend, Major healthcare, transportation hubs, universities, sports teams, industry concentration, tourism, manufacturing.

Failure will make you stronger.

Hi Matt-Great question about whether Grand Rapids is a good market for multifamily rentals and if Michigan is a good place for an out-of-State investor to look at.Grand Rapids is one of the best local economies in the State.