Never rent to someone you have any other relationship with. 

It's crucial to consult with a tax professional who understands the nuances of your situation to determine the most appropriate and cost-effective method for your tax filings.

Detroit can be a fantastic market with strong cash flow and good appreciation potential, but it’s definitely a unique place with its own quirks.Starting with cash is a smart move, especially in Detroit, where local knowledge and relationships can make a huge difference.

Really about growing a strong portfolio of solid deals.Now that being said, if you are a high income earner, well qualified, and can't find reasonably good deals: (i) you can connect with a well connected real estate agent for off-market deals; (ii) you might do a very narrow cost-effective cold call or letter writing.

Be friendly :), it's always good to form relationships with the city. 

You have relationship infrastructure and knowledge that took a very long time to develop.  

*This post does not create a CPA-Client relationship.

Are there any cost-effective ways to handle this situation legally?

Thankyou @Paul Azad, the relationship between Monday and RSN was described as a joint venture, meaning both groups would be responsible, and actively involved, in asset management and decision making.  

First, deep relationships with people so that you know them well, they know you well, and relationship continues for many years.