Are there specific factors you look for in an area to make sure it’s a good fit for this type of rental setup?

If you have specific questions about property management, I'll be happy to help!

@Aishan Gonaduwage what specifically have you read, and how OLD was it, about Detroit being on the decline?

@Tom OchiengI would reach out to a real estate attorney for specific advice on this situation since you already have one tenant who is being difficult.On a side note, when I have inherited tenants, I have been most successful when I have provided longer non-renewal notices, like 60-90 days, and offered to assist with moving costs.

This sort of thing is market specific.

Proportional leverage (like 27% LTV) isn’t specifically required, but if you don’t reinvest the full amount or fail to replace debt, the difference will be taxed as boot.

Would you share 3 specific things I should do during my "training period" (if it includes a book, which one)?

@David Lewis if you wanna chat rental rates and market specifics in some of the micro markets mentioned above I'm happy to.

Next would be specific to having acquisition interests.

Which laws specifically are your pain points ?