Connecting with local investor groups can give insight on lease language and best practices to keep your first MTR tenants smooth and protected.

It’s affordable and super practical, and the people there are really open to helping newcomers get started. 

Not something you could have reasonably predicted or prevented.A few practical tweaks that do help deter this kind of booking: • Stronger rental agreement with clear no-party language and immediate termination rights (airbnb rules would support this too but I find a rental agreement can be a deterrent to party guests booking in first place)  • No one-night stays, especially on holidays and event weekends • Higher pricing on peak dates (not just for revenue—this filters guests) • More guest screening: ID verification, minimum age, confirmation of purpose of stay • Extra scrutiny for local bookings—those are often higher risk near bar districtsYou already had most best practices in place.

In practice, most investors still end up using personal HELOCs for this reason, even when the property itself is held in an LLC.The bigger question for me is less whether 8.5% is “high” and more whether the next deal comfortably outperforms that cost of capital.

In states like NC, the strategy doesn’t disappear, but the execution changes.In practice, most experienced investors aren’t “getting around” the law.

I'm not someone who has that "snake oil" salesman personality so my way to land investors is only through a track record and a consistent business practice of "under promise over deliver". 

It gave us the opportunity to practice analyzing the numbers on an actual property.  2.

For a lot of owners, the decision isn’t ideological — it’s practical.

Hi everyone,Quick question on standard practice.I’ve noticed that many investor-owned LLCs sell properties using a Special Warranty Deed, even when they originally purchased the property with a General Warranty Deed.Is this generally considered normal / standard practice for investor sales?

I’ll try to keep this practical rather than theoretical.Grand Rapids vs Columbus vs Kansas City tends to come down to a few trade-offs I’ve seen in real deals:Grand Rapids, MIGenerally lower entry pricing relative to rent than Columbus/KCStrong blue-collar + healthcare + manufacturing employment baseTaxes are higher than some Midwest markets, but insurance and maintenance tend to be more predictableI’ve seen solid Class B/B+ duplexes and small multis where cash flow holds up even with conservative leverageLess institutional competition than Columbus, which helps buyers not get bid up as aggressivelyColumbus, OHStrong population and job growth, but that’s widely known nowPricing has compressed faster, so you often need either more leverage or tighter underwriting to hit the same cash flow targetsStill a great market, just harder to find deals that truly improve return on equity without stretchingKansas CityGood balance of scale and liquidityMore investor-friendly taxes, but heavier competition in the better submarketsI tend to see better results here for investors comfortable with larger multifamily rather than small 2–4 unit propertiesFor a ~$600k exchange where the goal is preserve cash flow + improve ROE, I’ve found West Michigan works well when:you stay disciplined on submarket (working-class, low-crime pockets),underwrite expenses realistically,and have local management in place from day one.Happy to share more specific deal examples if helpful — a lot of it comes down to where in each metro you’re buying, not just the city name.