I have a tenant coming up on the end of their first year, and am having a little difficulty on setting their renewal increase. We leased to them after doing a complete remodel and market was $995 last year. In that ti...

Hey Mario, I would suspect you can hit your numbers here in Grand Rapids if 8% is all you are looking for.

My plan is to keep this property as I believe the value will grow rapidly over the next 5-10 years+. 

Wages don't and aren't keeping up with the rapid pace of inflation and there are going to be fewer and fewer buyers with the salary to purchase, for example, a $1M condo with a $600 HOA.

My advice is don’t skimp get the inspections, check references, find the best inspector you can they can be worth their weight in gold.

Columbus is the only Ohio market that has seen a rapid growth in jobs and population.

I would be inclined to think that this would not pass building code due to venting and issues with the structural integrity of the added weight, but does anyone have anymore insight?

Purchase price: $250,000 Cash invested: $16,000 My first investment property is in a rapidly developing area in Columbus, OH.

carries very little weight.

@Caleb Reits A good handyman is worth their weight in gold!