@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.

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.

This sort of thing is market specific.

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

Personally I will not work with them specifically due to this fee.

Is it simply that I find the average sales price of a 5 acre tract of land within a specific radius of my property in the year that I inherited it?

CPAs often advise against pursuing this designation unless the time commitment and documentation are robust, as failing to qualify can result in IRS audits or penalties.The 500-hour rule pertains to material participation in specific real estate activities or businesses.

The platform's main focus is processing mortgage documents in their raw form to extract specific financing terms for all properties in the city.

We're often helping each other problem solve our listings or helping with specific situations that are occurring at our properties.