Hey Jason, You have two different situations here. 

., mobile homes often lose value over time unless they are situated on owned land) and tenant turnover.However, tax advantages include depreciation deductions, which allow you to offset rental income by writing off the property's value over time, and cost segregation, which accelerates certain deductions.

That said, Detroit is very much a block-by-block market, so understanding the dynamics of specific areas is critical.For professional investors (and even newer ones), Detroit’s future is bright if you approach it with the right strategy, solid due diligence, and an understanding of the challenges.

Unfortunately looking like this specific deal likely won't pan out; seller is definitely not motivated to offload quickly/discounted based on their replies.I found a realtor through BP who I'm now working with to find a property, so progress in the right direction!

Jace, what specific areas are you investing in?

Hi @Leah Miller,That’s a frustrating situation, and unfortunately, it’s not uncommon.

That isn't written somewhere specifically that way, but your lender will ask why you would move your primary from (for example) a 2,000 SF SFR to a 750 SF unit in a four plex? 

., through a Tenant-in-Common (TIC) agreement), as partnership interests are specifically excluded from 1031 exchanges under IRC 1031(a)(2)(D).

Specifically the Davis Park area!

A specialized commercial broker in a specific niche or any commercial broker?