Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Are you guys using websites like crexi and loopnet, or is it better to go for off market deals, and if so how are you guys finding these deals off market?

Do NOT use Seek Capital.

Even going with a company like Midsouth, it is always a good idea to have someone on your team that can give insight into the market and the area. 

I have been working on sourcing deals in Lafayette as well, but the market is pretty thin here compared to the options even just on the MLS in Indy. 

It's tough with a market like that to start in.

Building permits, a leading indicator of future construction activity, were up by 1.5% to 1.80 million units.Rent costs rising over the past few years could finally be hitting the consumer's wallet in that they are becoming weaker and unable to afford higher rents.Also, looking at the housing starts data, new supply may be entering the market finally, causing prices to drop as consumers have more options. 

You should know markets and understand rentals business well.

Ordinary Income: Profits from flips are typically considered ordinary income, not capital gains.2.

It sounds like you won't have any trouble qualifying..In Oregon there are some tenant laws that can restrict active CAP rates, but those with current market rents (or that can attain them near term) can approach double digit return rates.