I'm new to the world of Real Estate Investing but I'm ready to start diving deep.

Owner financing was also the better route for both parties as a result of dealing with the state in transferring permits and operating rights on the water well and sewer system, which is a slow and arduous process.

What I am saying is; the worst thing that can happen to you is your family member who give loans dumps a wad of cash in your hand when you don't know 'poop from Shinola' about the real estate business and you learn about the business with 'loaned money' as you fumble, crash, burn and start to hate the real estate business.The best way to start any business is when you start slow and with your own money because if you have much less money than your relative will lend you then that is much better for you because you need the time to learn before you blow a huge wad of cash while you are trying to learn.You can jump in the water without testing the temperature from 50 feet high, or you can test the temperature by standing on the shore and sticking one toe in at a time.

When someone applies with excellent income and credit, I usually don't dig deep into their past.

Even a mudroom one can be a plus.You really don't want to mess with an island, you are just adding money for no real gain and you have to run stuff there, its going to slow you down and as many people won't like it as will.  

This appreciation trend will slow down in most areas over the next couple years.Determine how involved in the management you want to be, what asset class best suits your goals and talk to some long time investors to see if they have something that would fit your criteria.

You have a couple of long-term rentals with mortgages, and they already show a net loss with the "slow" depreciation.

Our market is slowing as post pandemic reality hits the breaks on all things housing.

You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:https://www.biggerpockets.com/...

Trying to fish and dig deep for reasons NOT to do SEO?