Four years ago, Elsa Giefer dropped out of medical school and turned a real estate investing pastime into an all-encompassing career.
Today, in addition to investing (she owns 30 rental properties), Giefer is simultaneously selling (1999 volume: $2.4 million) and launching a property management division.
Pine City is a still-rural town situated about halfway between the fast-growing metro areas of Minneapolis and Duluth. And with more multifamily and commercial development creeping into the area and no other property management companies nearby, Giefer is primed to be the first out of the gate.