I borrowed $110K from a private lender for the purchase and self funded the repair of the offices. 3 months later, I rented 6,000 sq.ft. of office space to a corporation for $21,000/month + utilities for 5 years with another 5 year option.

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

From what I’ve read in Bloomberg, electing S-Corp taxation for your LLC might reduce your self-employment tax burden when you start paying yourself a salary.

Basically, someone who already has the relationships with accredited investors and can assist in the raising of funds? 

"assistance dog" chewed up all of the doors. 

Just move on and sell the place, get a new PM, or disavow PMs and self-manageor2.

@John Kim @Travis Biziorek is 100% correct.S8 really isn't difficult, but it's not the answer to everything that the self-proclaimed "gurus" make it out to be.With S8 tenants, you're just trading one set of challenges versus direct paying tenants.When we advertise a rental, we take the best tenant we can find, immaterial of their source of rental funds.You want to be careful investing in the City of Detroit because there are a lot of "crooks" trying to sell you Class D properties dressed up to look like Class C or B.Connect with us or Travis for more info!

Property Management: Are you planning to self-manage or hire a property manager?

I've also heard about rolling over some money into a self directed IRA to invest in real estate, but that doesn't really solve my problem. 

It's like a rough draft or an assistant, not you.