New Investor, Grand Rapids

[Justin Nisbet]

Hello everyone, I have had the opportunity over the last several months to read and learn a lot here on the BiggerPockets forums and blogs. I am prepared to make my first deal in the Grand Rapids MI area, what a terrifying and exciting thing to do. I look forward to learning from and being a part of this community.

[Aaron Montague]

Originally posted by @Justin Nisbet:

Thank .... My intent is to self manage a small complex. 

 Justin - My singular piece of advice:

When you are pricing your potential purchases.  Figure in 10% for Property Management.  EVEN IF YOU PLAN ON MANAGING IT YOURSELF.  If you do not, you can trap yourself behind a purchase price that does not provide you any income if you decide to hire on external Property Management in the future.