Looking for direction in Michigan

[Jeff Weaver]

Hi guys I'm a investor / business owner ( sell windows and doors) in Michigan. I have SF (22) and small MF ( 14 units in 4 properties) and 1 commercial (where I run my business and also sub lease to 4 other occupants) I started when I was 17 with $3k in 1987 and just kept doing BRRRR's / hacking it has worked out well for me. I hired a PM to handle all the SF but I still self manage the rest. Now 47 with a wife and 2 young kids I'm looking for direction. My wife and I live comfortably, but I wonder if I should transition into larger MF. I have little depreciation on my higher value property And lots of Equity that is getting a minimum return. I would consider selling all for the right property. I've listen to the BP podcast many times hearing investors say they wish they had kept them all. But I feel a little burned out on my multiples. I would like to have something with its own management / maintence people. Possibly a partnership on something over 3M. Also could use the larger depreciation as my wife and I are both working professionals. Looking for any feedback. Thank you Jeff

[Douglass Benson]

Jeff, I am invested in Lansing and Holt with small MF buildings - two 12's, a 16, a 17 and a 20 unit building.  We are cashflowing nicely and are finally starting to enjoy some appreciation as well.  I think you should look for buildings similar in size to my own.  You obviously have the chops to know to stay away from bad neighborhoods.  Take what you know and go more and more toward multi-family.