Not many duplex comps in area but area is growing rapidly with renovations and new construction 2 miles away. 

This area has sustained 2 major wildfires in the last decade or so, so we're rebuilding lost inventory at a rapid rate.

It's a growing market, and the Texas population is expanding rapidly.

Primarily interested in multifamily investment property, but I live in a rapidly growing area with a currently booming market (Triangle, NC).In many of the currently growing/developing areas, there are small, run-down old homes on plots ranging from 0.5 to 5 acres.  

As part of the City of Grand Rapids rental property inspection, i need to get my furnace and hot water heater "approved".  

The whole area is one long depressing stretch of liqueur stores punctuated by used tire stores with regular stretches of urban decay.If you're interested in MI for turn key purposes, check out Grand Rapids.

When forecasting income in the early period, you are growing it as you project absorption of the vacant units so you'll see a rapid climb of gross income in the beginning which then levels off to just basic rent growth after the units are absorbed.Once you calculate IRR, you are just solving back for the purchase price that delivers the IRR you are seeking. 

However…I have recently partnered with someone in the attempt to scale more rapidly.

And stay away from DC rapid rehousing at all costs, IMO. 

We have enough of those) Grand Rapids is a great place to grow and invest in.