However, it's important to carefully evaluate the potential investment and consider a variety of factors before making a decision.One thing to consider is the demand for short term rentals in Grand Rapids.

If that's the strategy you're considering pursuing, the next step is to research how to evaluate turnkey providers and their properties.

I have a lender to handle the financing, I used several modeling tools to evaluate the deal.

I am also evaluating if I need this membership.

@Madison Holbrook it depends on if you're referring to single-family or multi-family properties, evaluating them can be slightly different and it also depends on the comfortable that are in the neighborhood and what needs to be done

When evaluating a market for potential multifamily deals, would you consider it a good or bad thing when new apartment buildings are being built near and around the property and why?

Purchase price: $455,000 Cash invested: $7,000 House Hacking Owner Occupied * In- Progress *Asking Price: 459,999 Rehab: $5000VA Loan 0% Dow* SELLER PAID CLOSING COSTS AND $15K IN REPAIRS, NO MONEY OUT OF POCKET*RENT BY THE ROOM STRATEGYPITI: $3060Rent: $3500 ($875 per room, utilities, Wi-Fi, and Security System)* Current Project: 300 SQFT ADU *ADU Rent Estimate: $1800 (Includes Utilities, Wi-Fi, Security System, and private entrance, yard, and parking)Construction Budget: $20k (Structure is already existing, more of a conversion) What made you interested in investing in this type of deal?

Purchase price: $455,000 Cash invested: $7,000 House Hacking Owner Occupied * In- Progress *Asking Price: 459,999 Rehab: $5000VA Loan 0% Dow* SELLER PAID CLOSING COSTS AND $15K IN REPAIRS, NO MONEY OUT OF POCKET*RENT BY THE ROOM STRATEGYPITI: $3060Rent: $3500 ($875 per room, utilities, Wi-Fi, and Security System)* Current Project: 300 SQFT ADU *ADU Rent Estimate: $1800 (Includes Utilities, Wi-Fi, Security System, and private entrance, yard, and parking)Construction Budget: $20k Structure is already existing, more of a conversion What made you interested in investing in this type of deal?

I’m getting all of my ducks in a row before I purchase my first rental and have been evaluating a few options.

I won't say it will be easy....but best way to make money is buy in the path of progress.