It’s fantastic to have someone with your level of experience and passion joining the investment space.

@Joe BellevilleTo build a successful multifamily property portfolio in Grand Rapids, set criteria for property type, location, and budget, build a team, analyze deals using the 1% rule, leverage house hacking, leverage local knowledge, prepare for tenant management, network, and focus on long-term goals.

I manage around 400 rentals with 14 years of experience and have never been sued once.

My background involves social work & non-profit management before getting into real estate.

That leaves $335 for labor and the property manager's fees. 

•And prioritize managing your money effectively.You’ve got this! 

I didn't get my money's worth from MFM.Update: Nov 2024- they have restructured their program to have 3 paths: acquisition, capital raise, or underwriting - and have a 12-class program for you to follow for each path (what happened to asset management??).

@Bryan Cavellier, You can 1031 with any US property including Guam, the USVI and ...drum roll- The Northern Marianas Islands (go figure but I actually had a realtor from there in a class of mine recently) into any other US or one of those territories.  1031 is a federal statute so it's applied the same in all locals with just a few variations state to state at the state level. 

Should there be any violations, you or your management company can be contacted off this list.

I've seen some success in similar markets, especially with a good strategy for finding deals and managing costs.