As more and more Grand Valley students are choosing to live near the downtown campus, many businesses and investors are following.

We quickly realized that partnering was going to help us scale much much faster, and allow us the benefit to learn from their experience, as well as pick an choose what we liked from their processes/system of acquiring a large property and executing such as massive business plan.

The companies that do not require an LLC will normally make you sign a document at closing stating that you will not owner occupy so that it can mostly absolve the HML of liability if you choose to break your word and move in.

Choosing to have a management company handle your rental will make it a hands-off and profitable venture on your part, and IS something you should consider with the property you currently own.

Just like the sales market, there is low inventory with lots of tenants to choose from.

Hi BP members,I am planning on getting an internship at a property management company this upcoming summer and am struggling to choose a specific company.

Honestly, unless you're buying this thing for a song, I don't think it's worth it.

I plan to get back into this endeavor with a new set of skills and perspective based on a combination of some experience and a greater understanding of why I would choose one market over another, or one property over another. 

It is the same scenario whatever bank your broker chooses. 

Ray,Whether you choose a SFH, Townhome or a Condo you would still need a Property Manager.