Watch out and make sure you know who the tenants are for the multi family units and if you have rent control or a protected class there (section 8) etc.Store on ground level if corporate tenant versus mom and pop even better unless mom and pop has strong time open in the business and books with good growth.

If so, what happens if a store pops up in the neighborhood where your investment property is located?

If so, what happens if a store pops up in the neighborhood where your investment property is located?

Here is a video that explains the 50% rule: The 50% Rule: How to Quickly Analyze a Multifamily Investment Property When I analyze a property, after the 50% rule for a quick gauge, I pop the following expenses into a spreadsheet:8.3% for vacancy10% for Property ManagementWhat the property taxes WILL be after closingActual insurance quote from my broker.10% Maintenance/repairsIt pretty much always ends up being around 50% anyways!

You can tag people by typing @ before you type their name, then clicking their name when it pops up at the bottom of the message box.

If you make it a monthly gig on regular dates where it is known by all, you never know who might pop in!

A few tips..You can tag people by typing @ before you type their name, then clicking their name when it pops up at the bottom of the message box.

If it is Mom/Pop or family business the might be looking to keep some income but are tired of the management of the park.

It gets dangerous when you second guess any of those numbers later on when the number that pops out isn't what you "wanted" it to be.

Other Michigan folks are definitely here, and some will pop up for you along the way.Finally, I would suggest going to some REIA meetings, which is an excellent way to make contacts.