Be careful with flood zone properties.

People who get evicted could care less about a judgement or the collection process. 

I’ll certainly take this as a lesson to leave no detail overlooked and to approach every aspect of my agreements with care.

Rehab Loans do not generally care about your DTI or your income.

Pros - guaranteed rent, tenants stay longer on averageCons - more mgmt needed (lease violations), they tend to not take great care of properties (increase maintenance expense or deferred maintenance)

They are also ensuring the staff is fully trained on how to disallow cost segregation for those that haven't been careful and conservative in their analysis.

Quote from @Amy Smith: Be careful you don't get in too deep.

Still have to be careful though, with the block-by-block challenge, depending on the Class of Neighborhood.Also, be sure you understand the difference between the City of Detroit and the suburbs!

And there are landlords who only care about maximizing profit and nothing else.

I believe if your mother-in-law runs out of money that Medicaid will step in and pay for the nursing care.