Coos Bay in particular was primarily a timber town and has had some difficult economic periods since it's hey day, but the downtown has grown up, there's yoga, a farmer's market and even a new Starbucks (which by the way you buy the brand new building they lease from!)

Investment Info:Single-family residence buy & hold investment in North Little Rock. 2021: new metal roof, painted the interior and exterior, sanded and painted the kitchen cabinets, and installed a new furnace.2024: New new vinyl plank flooring and carpet were installed throughout the home, all of the electrical outlets were replaced, and the A/C condenser and compressor were replaced.This property is currently listed for sale!

Originally I was hoping buy a 2-4 multifamily property and rent out the other units.

They did not finish the work and I ended up buying the property with one APT half way done because according to them no contractor was willing to finish the work for nineteen thousand dollars.

What did you end up buying?

I started out buying and holding homes for cash flow.

What States are STR investors buying in right now?

For example, you might borrow $200,000 at 12% interest so you can buy a house for $140,000 and spend $60,000 on renovations.

I am in the process of buying a home now- that is probably easier to set up than moving my existing homes into an LLC.... one thing at a time..

We're looking for buy-and-hold long term rental properties that need minimal rehab work to be rent-ready.If anyone has any banking recommendations in Michigan I'd love to hear them.