@Douglas Royse Do you just wholesale in the Grand Rapids area, or in other areas of the state as well?

What i do know is that i wouldn't be able to put down 20% cash down on a home. i have been searching a lot of different areas after talking with people i work with as well as what people are saying on the forums. i keep hearing a lot about Texas, Michigan, especially Grand Rapids area and Indianapolis.

Ive watched the areas gentrify rapidly before my eyes, and how the gentrification is growing north.

A few years back I read about Grand Rapids on BP. 

Your net worth likely won't grow rapidly, you can't scale that beyond a certain point, and you lose control of funds that could be called due in a financial crises.

However I'm not sure the demand is there yet for houses in this category to be rapidly converted or redeveloped in large quantity,  but I am sure it will happen at some increased rate.Just because ALL of SFR now allows this,   it will tend to spread out the activity more,  as opposed to upzoning smaller areas, concentrating redevelopment in those areas and rapidly changing them.   

@Tanya Smith I am a fan of Grand Rapids because cost of living has not risen nearly as fast as the city is growing.  

The rents generated could really off set a lot of the costs associated with the foreclosures and the fact that they are occupied and at least maintained better than letting them rot would hopefully help to prop up the value of the property.If they didn't have a problem selling the foreclosures then that might change my perspective a little bit but its hard for me to accept the stance that it is better to let the house rot and rapidly decrease in value versus maintaing the property to some degree while generating some income.

We are obtaining financing and gearing up to grow rapidly.

I am talking to a turn key company that sent me a Cash flow property this morning for sale in Cedar Rapids 4 bed 2 bath for $60,000 already rented and cash flowing $513 a month.