Currently about to remodel one side of our duplex from a 2 bed/2 bath to a 3 bed/2 bath with upgraded mini split ductless HVAC system.We've been doing real estate investing for over 10 years and I'm close to finishing developing a land lording class for local landlords to learn from my mistakes of 10 years and similar to the BP mentality ensure landlords are raising the bar to push the less than reputable landlords out as we feel our tenants deserve better! 

I'm located in the Grand Rapids, Michigan area and am open to properties basically anywhere in southern Michigan (anything south of Muskegon from Lake Michigan to Lake Huron is fair game imo.)I now have a fairly large nest egg of cash beyond all of my other investments (stocks, bonds, treasuries, crypto) and I want to turn that cash into a real estate investment or investments and I think my deep background in tech, systems, and marketing should be able to help me substantially.It seems to me like BRRRR on multifamily units makes the most sense, but I'm open to suggestions.I'm basically retired at this point as the only work I do each week is 3-4 hours of consulting for larger tech companies and I'm on a couple advisory boards.What are the best first steps in building a team and creating the systems necessary to start making deals?

To start, these are the fundamental underwriting inputs the GP/Syndicator will be making when arriving at their offer price:Management Fees: This will be very similar to any other bidder who relies on 3rd party management (and generally more expensive than a local operator who benefits from the efficiency of managing an existing local portfolio).

Use very localized market locations to raise your ship.  

All the locals complain that everyone is moving here from CA and driving up property values. 

Would love to network with and learn from any local professionals that can provide any guidance & assistance.

Got this sweet spreadsheet from Coach Carson and plugged some numbers in for this local duplex that just came up for sale.

Send me a message and I can connect you with someone local that can get you connected.Ken

I have experience here in multifamily in my local market, and so I want to target similar types of properties in my search back in the US.

if not... i'd say stay local to Canada 'cash flow' is very, very tough right now with interest rates and prices both high