I'm looking to connect with like-minded investors in the Tri-County Michigan area who are focused on multifamily properties.

$400,000 seems extremely high for a rental property.

I'm finally ready to take the plunge into real estate investing and am super interested in the potential of short-term and mid-term rentals.I'm drawn to the idea of creating passie income .Right now, I'm trying to narrow down my market ( North carolina and Texas)and learn the ins and outs of STR property analysis.

I would think that MTR is same rent as LTR if the property is unfurnished so definitely confirm your numbers there. 

It only applies to residents living in Jerome Village so for investors, it would only apply to rental income from Jerome Village properties, not your entire portfolio or out-of-state income.

Maybe you can help the investors you meet with all the miscellaneous tasks involved with investing like picking up rent checks, turning over properties for new tenants, or even just driving by occasionally to make sure their properties are in good condition.I'd also recommend spending a lot of time looking at all the homes you're targeting in your area, both online and in person.

Purchase price: $11,250,000 At the beginning of April, LGV Capital provided financing for the acquisition of this property.

Bottom line, be thankful that you’re able to find coverage at all, because some properties can’t.  

We don't allow people to apply before viewing the property.

So, I decided to drive a nearby neighborhood close to my residence, recently and document addresses of seemingly vacant distressed properties.