I'm over on the West Side of the state so wouldn't be able to do a meet up in Detroit but I know there are some Detroit agents around so just keep monitoring this thread and I'm sure you'll get some participants soon

Cap rate is one metric and it's like using your weight to determine your fitness level. 300lb NFL linemen are faster runners than a 200lb McDonald's regular. 

Institutional and regular folks alike! 

Facts and Circumstances Test: Based on all of the facts and circumstances, the individual participates in the activity on a regular, continuous, and substantial basis during the tax year.

So you’re stuck with a problem. if you have a good real estate agent that wants to help you, that person will request proof of payment ie bank records showing the tenants pay regularly … but I’m no expert. 

  ( flight plan already loaded)  altitude capture set.. then monitor the systems until your about 20 miles out.. descend and land.. simple.. as they say flying is hours of boarded with 3 minutes of terror.

The meetups have been super helpful for those of us who attend regularly. 

If the home is kept up by the homeowner and things are replaced on a regular basis, usually it's not an issue when it comes to finding things that need repair. 

I've done an excellent job at meticulously tracking everything, so I feel comfortable with the "monitor closely to see what a stable asset looks like" strategy.

I have a duplex with one meter and I use a Sense (https://sense.com/) device to monitor the total KWH that the upstairs unit is using I then take the electric bill and split the bill up based on the amount of power drawn by the upstairs unit vs the total usage.