You need to investigate the area, the company you are going to do business with and their track record.  

Hello,I'd like to begin investigating the Grand Rapids market for possible buy and hold.  

WE generally are just building in freshly minted and plated lots so not to much of an issue there.I am building on the Oregon coast right now on sloped lots we have to dig out foundation then have geo inspect well of the 3 we started one did have  some issues with soils so we have to reconfigure the house on the lot ( pull it back 5 feet from the top of slope) or we needed to dig out footing 8 feet into the ground.. well easier to move it.. we have to redo a bit of the dig out but not a monumental issue.

Many times the place will be freshly vacant and the landlord takes the opportunity to get out of the business.  

-------------------------------------------------------------------------------------------------------------------------Crisp, fresh, and clean 1550 square ft. 3 bed 2 full bath home.

On paper it looks very sexy, but in reality it's much different.IMO - I recommend to my out of State/Country clients to stick with post 1945 built homes that rent for $700 -up.These can be purchased, rent ready & with fresh rehab, for under $60k.Of course, the higher up you go in purchase price, the better the home.  

You could investigate as has been suggested, maybe even view their current house, but there are tenants out there that don't need a Sherlock Holmes exercise to straighten out their stories.

Make it look nice and fresh, replace worn-out items and make sure everything is in working condition.

I enjoy meeting people with fresh ideas and different perspectives in order to continue to grow personally and professionally.

Private Investigator.