BP community - I am an out of state investor considering long term rentals in the Grand Rapids area, more specifically Eastown / Midtown neighborhoods.

Hi,My wife and I moved into our current place about a year ago, and converted our prior primary residence into a long-term rental.

The last thing you want to do is spend a few thousand planting clusia, and then have to spend another couple thousand because it violates an ordinance.  

The Details: 3 Single Family rental homes on one .34 AC lot with existing long term tenants. 

Long-Term Goals: While predictions suggest that rates might drop in the future, there’s no guarantee on the timing or extent of these changes.

I have never managed anything other than what has been in our own portfolio which is 3 (although we just closed on our 4th and are going to BRRRR it) long term rentals and 3 short term rentals.

He was sentenced in 2021, which means he probably served time and hasn't been out that long.

Maybe I just see a long flat line for a good while.

Financial goals: Our current jobs provide for high-income but not a lot of time for active real-estate investing, so our strategy is long-term buy-and-hold with less headache properties.

Lastly, they like building relationships.