I am new to real estate and am looking into purchasing my first deal in Grand Rapids, MI or one of the surrounding areas.

Trying to hit a grand slam on your first deal is not near as important as simply getting that first deal and off of the sidelines.

I’d like to continue to buy more rentals and connect with other investors, landlords, lenders, etc in the Grand Rapids area.

My wife and I currently own and operate a small cabin rental business in Southern Colorado on the Rio Grande River.  

as long as things are humming along in 2022 and the dooms day folks don't have us in a recession were the houses are actually worth less than you paid for them or only what you paid for them.. then the scenario should work fine.. regardless worse case is they are rentals.. but I just would not build a business plan around some big upside and promise it to other investors.. as they may be disappointed if it does not work out as you hope..

-"2 grand" promises the bathroom will be completed in time and the rest of the project will be completed upon our suggested timelines.

Also you have to realize that at the higher price, appraisals can swing WILDLY.on a 90k house, if it appraises 5% over or under, thats like 5 grand. 

I have been diligently listening to the BiggerPockets podcasts and would really like to invest for cash flow and leave a legacy to my grand daughters.

Getting 2 grand is a hard number , if someone can afford that they usually buy a house .

My mom is a real estate agent and my grand mom has held a rental property for the past 5 years.