My preparer reached out to the ONE guy more familiar with commercial knowledge at another local office, and the following method isn't quite what Mr.

Let's say that property appreciates 3%, pretty average for Rochester, NY in good locations.

@John Arena Welcome to the forums.Check out reintn.org for local meet ups 

Everyone's investment criteria varies and sometimes it varies by location and type of property.

I'd love to get your feedback on which option you think is more attractive and why.Option 1: Equity Partnership- Target Properties: Single-family homes, multifamily properties, and land for development in prime locations.- Investment Term: 5 years - 10 years- Equity Split: Investor 80% / Sponsor 20%.- Preferred Return: 8% annually to the investor.- Profit Sharing: After the preferred return, profits are split 70% to the investor and 30% to the sponsor.- Management Fees: 2% of gross rental income annually.- Acquisition Fee: 2% of the purchase price.- Disposition Fee: 1% of the sale price.Option 2: Debt Financing with Equity Upside- Target Properties: Single-family homes, multifamily properties, and land for development in prime locations.- Interest Rate: 6% interest only for a term of 5 to 10 years- Prepayment Penalty: 2% if the loan is paid within the first 3 years- Equity Upside: Investor receives 30% equity of the appreciationWhich option do you think is more attractive and why?

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.

Thank you, MargaretChallenges: Finding a boutique local broker that is or has an agent that would be a mentor for investing/wholesaling hasn't panned out for me.

One property is in Charleston, another is in Fort Worth and the other is local to me in Maine.

Buying the right property type, location and price are half of the equation.

@Ryan Randall  talk to the fire marshall and get a copy from them of any local restrictions.