Real Estate Broker for a very long time and have been investing out of state for the last 10 years, I also self manage my rental units in Lansing MI. 

By carefully following these steps and considering your goals, financial situation, market conditions, and property options, you can confidently make a well-informed decision on your investment.Good luck!

My idea is to build a mini village with modern cabins, but I'm unsure about its demand, worthiness as an investment, and associated risks.Here are some specifics:Investment Capital: I have $500K of my own and access to an additional $1 million from investors.Location: New Jersey, where I currently reside.Investment Goals: My primary goal is to generate cash flow through short term rental.Project Idea: I'm considering building a mini village with modern cabins.I would greatly appreciate insights from experienced professionals in the community on the following:Demand: Do you think a mini village with modern cabins would be in demand in the New Jersey area?

If you were 30 days late they started eviction right away, if you paid up it would reset the clock until you were again 30 days behind.I got a note in the mail to say that this was my last chance and if I was late again when I renewed I would be MTM and that meant that I would have resign the lease or initial it every month,rent was $100 more for MTM leases, and if I was late while I was MTM it would not be renewed.Luckily I got that letter at the same time I got permanent employment with a huge IT Services company.Having permanent employment instead of working for a few months getting laid off and working again for a couple months fixed the money issue.You might want to do the same sort of thing.Raise the rent, make sure they know the rent is being raised because they cannot pay on time, and if they are late again, they will be kicked out even if they pay up.

I funded a few distressed property sales, the investor had skin in the transaction, my money came in last, my funds never left escrow and I was paid back through the HUD-1 (closing settlement statement).  

He gave me three scenarios which were absolutely crazy.One was from a landlord who used to live in Paterson, NJ, many decades ago and has had a realtor friend manage the property for the last few years while they are retired in Italy.

Sorry for the delay in seeing this - I need to get notifications turned on.Springfield has a variety of areas for investing depending on your goals.

I bought my primary residence last year, and actually got paid $7,000 at closing for a new construction house!

All of Chicago is not falling to pieces with crime.I'm happy to connect, understand your goals, and see if we can add value to your plans.

@Robert Burns - is your primary goal to invest for cash flow or appreciation?