Some items might hold more weight than others, but you guys should sort through that together.You also might just do the partnership deal by deal - sometimes jumping into a partnership before you have officially worked together is NOT the best idea...

Additionally, we have paused the approval process for the 72-unit rental building due to the current uncertainties and complexities involved.Our original plan has been disrupted, but we believe in the potential of Corktown—a rapidly developing area with immense promise.

Pretty incredible how rapid the demand has increased in the past 12 months especially. 

This area might grow even more rapidly if we get space command back.

I'm an investor-friendly agent in the Grand Rapids area.

Looking back, sure, after the fact looking back on a 2010 buy one can say how "easy" it was and how it rapidly became a "cash-cow" but at the moment in time of the buy, no, it was NOT prevalent or known what they'd be the next year, 5, 10 etc.. 

Hi Meghan,   My wife and I live in Coon Rapids, but have 2 rental houses in Duluth that we rent to college students.

It does however give you a degree of independence to choose what you want to do.As your portfolio grows you'll also feel the weight of future capex responsibility more, which ironically points you to growing more cash flow through more real estate.The other issue is that you are chasing a moving goalpost.

Ask for its breed, weight, and name, and have them attach a picture.- Make the application part of the lease, with the stipulation that if they've lied in the application or in the lease, they can be evicted.- Tell them they have to provide documentation of the animals service / emotional support (as allowed by your local ordinances), and that they have to provide documentation that the animal is current with its inoculations, etc. as well as its local license before you'll permit the animal in the unit.- Tell them they'll have to provide you with a copy of their renter's insurance naming you as additional named insured, with a minimum of (I use $300,000) liability insurance, also before they move into the unit.It's not perfect, but it's a start toward a tenant transparency.

Older properties can be picked up for < 50% of ARV and go up in value in rapid ways with urban renewal efforts … I’ve seen this happen time and time again and so it’s worth saying, diversification is ideal.