You may have heard Lake Michigan has risen six feet in the last ten years, then it dropped three feet recently, yet somehow this property appears unaffected: https://wcrz.com/the-worlds-largest-log-cabin-is-in-michigan...People love to point out rising levels but discount levels when they drop.

If you're a new investor (like me), I would start with a house hack and get your feet wet.

I mean with me being newer into the market and industry, I wanted to get my feet on the ground with local deals and local experience with a surrounding area and market I’m familiar with.

I did most of the work other than appliances ect it’s very small 400 square feet total so it’s like a little studio with big glass sliding doors to a patio.Turns out someone called zoning and long story short I was told I can’t do an ADU.

Thanks @Jonathan Klemm. it's just couple of blocks west of palmer square and there are standard size new constructions selling for around $1.3million.Just closed on the purchase and it's a 40 feet wide lot.

It's only 930 sq. feet.  

For one property, Xcel is plenty adequate.Quickbooks is really a square peg/round hole deal for rentals of any kind.

@Jesse Santos whenever a prospective tenant wants to negotiate I tell them: “sure we’re always willing to accept more”, and then I don’t say another word.As a rule of thumb, if you enter into the negotiating game with a prospective tenant early on, you will be living with that their entire tenancy on all their maintenance requests, late payments, pet requests, etc.They have already shown you who they are as you thought the initial negotiations were over and then they brought you to round two.

Can a 25 foot long 6"x4"x.210" 6061 aluminum association I-beam can span a distance of 24 feet?

Headline (total) inflation for the past month was negative, -0.1%.Core inflation (total inflation minus food and energy) was up only 0.065%, so it gets rounded to 0.1% increase.