United Bank in Grand Rapids.

I invest in Grand Rapids but severa of the sourounding communities also offer great buy and hold options.

Rapid response from your Realtor is essential. 

Account Closed I agree the system is dated and will need to evolve rapidly or perish but not because of illegal or immoral dealings.Here on planet earth Real Estate Commission rules to not give one the advantage of insider trading or bank robbery.

Class C - Older yet Declining or Barely Stable (Know as Crap Shoot areas, large population decrease, home prices flat-line or slightly decreasing, infrastructure needs repairs, School Districts usually rated a 3 or below, high localized unemployment, no new construction, businesses moving out of the area, moderate crime rates, more inventory than buyers, high rental communities vs home ownership, etc.)Class D - Older, Declining, potentially rapidly declining areas (potential "War Zones", high crime rates, properties is vast disrepair, very high localized unemployment rates, small pockets of population, high number of vacant and boarded up properties, bad infrastructure - barely functional, disorganized local government, vast numbers of public assistance housing puds, overall community in need of extreme assistance.)Each Community though has its' own Real Estate Cycle and for the most part that occurs every 7-10yrs on average.

I more than doubled my money in 2 years investing in Beijing through rapid appreciation so I'm not complaining:) but looking at that $5k per month goal is what keeps me working hard at real estate. 

But, there has been such a rapid expansion in housing prices over the past 1.5 years, especially in my area, it's mind boggling.

Obama's rapidly increasing my wealth and his followers are all to willing to assist.

With outsourcing, H1B visas, rapid technological change, etc. it's becoming harder for "average" people to maintain a middle class career path.

My RE agent believes the seller will accept.This portfolio is in Michigan (we live in Grand Rapids and the portfolio is over on the east side of the state -Bay City, MI).I have already received some great advice from a mentor about going to smaller local banks to look for the loan.