I know in my area, prices have appreciated rapidly, but are still much behind Orlando Proper. 

It (like all other property in Seattle) is appreciating rapidly, allowing us to tap the equity through refinances and HELOCS for other investments.

Will you be doing additional investing in Grand Rapids?

Having the option to put very little down allows for relatively rapid scaling, which I've seen many times.

He's trying to do one of two things - probably BOTH things simultaneously:1 - Reprice the entire asset class - ie raise prices of mobile home parks as fast as possible.2 - Attract deep pocketed accredited investors to his private funds so that he can enlarge his portfolio as rapidly as possible while waiting for the stabilized caps to compress further.I'll lay out the remainder of my reasoning for this tomorrow.

Looking for "rapidly appreciating markets" is simply speculation.

There are still a few areas of town that wouldn't make sense from an investment perspective (Brownsville BK as an example) but everywhere people were scared of 10 years ago (Bushwick, Bed-Stuy, etc.) are all either gentrified or rapidly gentrifying. 

Rapidly grow portfolio and maximize leverage, but mitigate risk, build durability and avoid pitfalls.

I invest in the Cedar Rapids area as well.

Hello,I live in Los Angeles, CA and am strongly considering purchasing a rental property in Michigan, my home state, in a town ~3 hours away from my home town.A couple questions: 1) Does anyone own rental property in Grand Rapids Mi?