The area is expanding rapidly and I could see this property really going up in value as there is a very limited amount of buildable space between the mountains and the ocean, so I see this as a great investment and I would love to keep it.

I'm looking for some advice on investing in Michigan generally, and/or Grand Rapids, MI specifically. 

.- I usually use the site I gave you to get a general view of the market and monitor it's evolution (you can tag properties).

I used to think when no one at all wants to live in a neighborhood it's more possible to appreciate rapidly.

As you can see, the net deliveries are expected to majorly decline in the coming years, most notably a 51.14% decline in net deliveries of apartment units from 2024 to the end of 2025.This is because the feasibility for developers to build new units declines sharply as interest rates rise this rapidly, and the end effect is not seen until the units that had already begun being built when interest rates were lower are completed a year or two later.

We quietly now have a $600K median home price and are rapidly running out of developable land. 

I think if I can achieve that I will rapidly learn, then be able to evaluate what steps might be best for the next stages.

Our city is rapidly expanding, offering numerous job opportunities and a wealth of investment possibilities.

Here’s how:Efficiencies Through Scale: By owning and managing a portfolio of properties, we can control operating costs and avoid the rapid rent hikes caused by liquidation or speculative investors.Economic Stability: Affordable housing becomes viable when tenants have steady incomes.

They usually have a step down on that penalty like 3% year one, 2% year two, 1% year three and so on and so forth.So if you are buying a deal with the intention of rapidly increasing it's value in less than 24 months in order to refinance it and pull your cash out, you might want to go with a credit union for the acquisition financing because FCUs are barred from charging pre payment penalties.I could talk about this for hours about all the nuances but my fingers don't type that fast lol