If you plan to stay there a long time 10+ years then likely the value will be the same or likely greater even if prices soften in between.

After speaking to the listing agent I found that all but one buyer had the same experience.

Hi ALL,Just reaching out to see if you can give me some insights on Charlotte Michigan, Small City close to Lansing MI (21 Mil), I'm researching a Multifamily building, My concern is that there is 9,000 plus population only, I see articles that show is a good rental market, but it will be grate if anyone that knows the area can have some feedback as far is Schools, Crime rate, Economy and so on.As always, thank you guys, have a great day!!!!

… heck ya… but I was more scared of being stuck in the same place and losing money on this new rental I just launched, I was a 100% newbie)I personally came into the mentorship program just to learn how to get travel nurses in my rentals (at the time it was my 1st rental property) . 

These days I'd say if you're lucky maybe you can find in this are $250,000, but TCU maybe $500,000 and up. 

I would say 80%-90% of buyers are owner occupied and per their loan they have to move into a unit within 60 days of closing. 

Not to be judgmental but most of the SROs I've seen in our market are not in the best condition...but the same can be said for roommates :)  I think it's better to keep the leases on the same timeline not matter which path you take.

If you're anywhere from Fairfax to Richmond, Just Dm me and let's talk.Yall have a great day!

Many months of rates moving at most a few basis points a week morphed into dramatic, massive movements—with bigger changes sometimes happening in one day than had occurred in quarters or years prior.Real estate investors navigating the challenging market of 2024—with mortgage rates still at elevated levels—are at an advantage when they can lock in financing terms or plan purchases while DSCR loan rates are favorable.

Looking at same in future for my wife.