This meant I had friends who could recommend local professionals or even swing by a property if need be.3: I invested in Raleigh NC, which has had a growing population and rapid gentrification for many years now.

I'm hoping to connect with anyone who has been involved in short term rental properties in the last few years, preferably those that are located west of Grand Rapids closer to the lakeshore.

When I was considering getting my license, I chatted with the owner of Fish MLS in Coon Rapids.  

Incremental increases are more likely to create confusion, result in late/unpaid rent, create animosity, and in the end the tenant may not be able to afford it and will stop paying rent, break the lease, or cause other problems.The best practice is to move them out, clean the place up, and rent it at market rate to a Tenant that is well qualified on day one. 

My goal is rapid expansion, but I wanted to walk before I ran.

Below I've listed facts of the deal: - Property located in rapidly growing Speedway, Indiana - less than a mile from the world-renowned Indianapolis Motor Speedway. - Property worth $190-200k, conservatively.- Purchase price in the $130-140k range (aware this could trigger potential gift tax, looking for advice here)- Interest rate of ~7% results in P&I of $874/mo (assuming no money down, using the built-in equity), market rent in the area is $1700-$1800 for comparable properties. - Property is in good shape and only needs $10-15k of improvements.Below I've listed the financials of our joint partnership:- Access to roughly $40k in Cash- 700 & 780 credit scores- Joint Income of $300k+, $400k+ including spousal incomes - Both of us have sub 20% debt-to-income- One partner highly skilled in managing people, and plan to have him be the “people” side of the business (screening tenants, working with contractors, etc) Other is experienced accountant that will manage flow of money, refinancing down the road, financial reporting, tax, etc.Main questions:How should we joint purchase the property?

The property is located in the southwest part of Kalamazoo, still learning more about the area as I live in Grand Rapids.

It’s not rapidly growing as much but it’s still a good overall market.

I am now watching these houses bought at $100K, listed at $340k dropping by $20k increments because the house behind it sold for under $100k...and is 2 blocks from high crime.

I find myself looking for some similar information on these:EMERGENCY SOLUTIONS GRANT (ESG) OR EMERGENCY SOLUTIONS GRANT RAPID UNSHELTEREDSURVIVOR HOUSING (ESG RUSH)