You’ve made some compelling points about the market and your approach.

Does anyone know how the short term rental market is in Lansing, Michigan? 

Heres the numbers:  Borrower(s)Subject PropertyRate Not Locked 9/30/2024 Sales PriceDown PaymentLoan Amount30 Year FixedContract DepositSeller ConcessionNMLS#  $670,000.00$167,500.00$502,500.007.000% $0.00$0.00  Bank Origination Charges Estimated Title / County / State ChargesOrigination Points % $ - Owner's Title Insurance $ 4,415.00Discount Points % 1.500% $ 7,537.50 Lender's Title Insurance $ - Underwriting Fee Title Search $ - Appraisal Fee $ 650.00 Title Services $ - Credit Report Services (1) $ 299.00 Alta 8.1 $ - MERS Fee $ 25.00 Recording & Transfer $ - Flood Certification $ 8.00 Notary $ - Tax Service $ 85.00 Settement Fee $ - VOE Fee $ 150.00 Total $ 4,415.00 Total $ 8,254.50 Prepaid Interest / Items Potential Additional CostsPer Diem Interest 15 Days $ 1,465.63 Rental 1007 $ 250.00Home Insurance $ 1,800.00 New Survey (if applicable) $ -Flood Insurance $ - 2nd Appraisal / Reinspection $ - Total $ 3,265.63 Total $ 250.00 Escrow and/or Property Taxes Due Total Estimated Monthly PaymentsTotal Insurance(s) 3 Months $ 450.00 Principle and Interest $ 3,343.15Property Taxes 4 Months $ 2,868.64 Total Property Taxes $ 717.16Total $ 3,318.64 Total Insurance(s) $ 150.00 HOA / Maintenance $ - Monthly PMI $ - Total $ 4,210.31Total Estimated CostsEstimated Closing Costs $ 12,919.50 Estimated Escrow Prepaids $ 6,584.27 Estimated Funds To Closing $ 187,003.77

Some of the benefits I offered included a steady schedule, above-market pay, and verified clients.

Because at some point you may additionally have a major event/appliance failure and a large expense will make it even more expensive mistake. 

Finding Deals: Working with a local wholesaler can be a fantastic way to find off-market properties.

I would reach out to the assisted living houses already in your neighborhood and see if they are looking for any additional properties to lease.

Additionally, I am already on a mentorship/education program for multifamily (syndications) and I already have an LLC and business set up for this strategy in real estate.

With that said, typically for something to work, you have to buy it off market.  

Then after doing that for a while, I raised the fee to $10,000 with the ability to earn back $5000 of the coaching program if they completed all of the homework assignments.Coaching real estate has just been a side gig that I’ve done for the last couple of years and I’ve had anywhere between one and five coaching students at a time, but I’ve helped over a dozen people increase the net worth substantially during the year that I coached themSo here’s the question: One of my mentors recently shared with me that I am selling myself short as a coach and that in addition to charging the upfront fee, I should also write into the coaching agreement that I get an equity steak in the deals that I help my coaching students get during the year that I coach them.