Those people just put their cabin on whichever local PM gave them the best sales pitch, and most of them charge 40% (although now they are doing "introductory" lower rates for the first year if you sign a 2 year contract.

At current rates, it would be extremely difficult to have maximum leverage and have any property pay for itself through normal rental income. 

It’s crucial to analyze local trends, such as population growth, employment rates, and new developments, which can impact rental demand.

If the seller charges a rate below the AFR, it creates a tax liability on their end. 

Critical Update: Waiting too long for the Fed to cut rates could significantly impact your approval chances.

One last challenge is their estimate of property taxes - they are all VERY low:(Michigan has some interesting property taxes because there's a Taxable Value and a State Equalized Value, as well as Homestead and nonHomestead millage rates. 

I guess I’ll leave off with a couple quotes I enjoy. 

I did pay them to do it since they've done the majority of the work so far and are finishing the job up and have done everything at reasonable rates. 

Enjoy the process! 

Mixed-use developments and spaces that can easily transition between commercial, residential, and retail uses are gaining traction.Key Takeaways:Design spaces with adaptability in mind to accommodate different tenants and uses.Consider mixed-use developments to diversify income streams and reduce vacancy risks.Strengthening Tenant RelationshipsBuilding strong relationships with tenants can lead to higher retention rates and stable income.