Hey Tom, I have a handful of doors that are rented to S8 tenants.Overall, I like the program but you need to understand it's not a strategy as much as it is a tool. 

This strategy safeguards our renowned horse farms and green spaces while regulating urban sprawl.

If you're open to a bit of creativity and local regulations permit, converting additional spaces like garages into rooms can further enhance your rental income.Overall, your strategy has a good direction.

It would also be helpful to have a strategy in mind when looking for lenders so you get in touch with the right people-- a hard money lender is great for flips, but not for a primary residence, for example.

Exit strategy; 2. location research; and 3. financial assessment4.

Ask yourself what your strategy is and whether it makes sense.

Specialized Real Estate Investment SoftwareThere are several real estate-specific software solutions like Stessa, Realtyzam, or Propertyware that are designed for investors to track and manage their properties.Pros:Tailored for real estate investments, offering features like tracking income and expenses, document storage, and reporting.Some platforms offer automation and integration with real estate market data, enhancing decision-making.Cons:Cost: Most platforms come with a subscription fee.May offer more features than you actually need, depending on the size of your portfolio.4.

We just got back from visiting the area and have decided that we want to buy in Bradenton, FL since that area seems to fit us best and our future needs while also still being within our current price range (<$450k).I have already listened and watched many BP webinars and podcasts and am about to purchase David’s book, start with strategy since I feel that’s the best next step for me and my husband to get our plan onto paper and to solidify our thoughts together (all while still saving money of course!).

If you would like to chat about potential strategies for investing in Grand Rapids feel free to reach out.

However, looking at the numbers, seems like the only strategy that has any chance of working here.