Are you changing your real estate strategy and income mix?

I am new but I am looking for someone who is not going to be a problem most of the time. ... college students, families, singles, etcHi Mark,It depends on your property class and location.Turnover is a big expense, so trying to limit that is intelligent.You want a renter(s) who you think will be long term renters and can pay the rent long term (and not damage the property).Many people use a mix of credit scores, criminal record information, employment history, and past landlord referrals to try to limit their risk in this area.It's also something that the US Government has a say in as far as what is considered housing discrimination, and it's intelligent to follow their guidelines as well.Just my 2 cents. 

An Airbnb just a short drive away may be very attractive to someone looking for variety in their workspace and the desire to mix business with pleasure.

I am still working on writing my book and then syndicating my value add deals as a sponsor.A lot of posts on here now are small balance commercial odd ball mixed use properties which I do not specialize in so not much to comment on.Just make sure right now retail tenants looking for space are trying to lock up sweetheart leases for the next 5 to 10 years taking advantage of landlords that might be desperate to fill a space because of COVID.

Good morning BP colleagues,I have worked for a number of years to be in a position to build my first new mixed-use development. 

Main street in Marlton (zip code 08053) is currently being renovated. you can see the area set for rehab on the township website, as well as new condos and mixed use properties (shops on the ground and apartments above) that are going up. i think everything will be done in roughly another 2 years but some has already opened.

I've seen a lot of mixed things on here regarding something called "holding costs" and it seems it doesn't apply to traditional wholesaling.

Just to play the devil's advocate...I get what you're trying to do, but a 100% allocation to (presumably US) real estate isn't very diversified at all on a holistic level.I'm a big proponent of a strategic mix of real estate, equities, bonds, precious metals, and/or cash depending on where we are in the economic cycle and what the intermediate term outlook is. 

I am getting mixed information on different sites as to whether this would need to be financed as an investment property rather than a second home.

Dearborn or Westland will be the best mix of a decent area, but still may be able to find a few multi-units.