If you were operating a software company as an S Corporation, you would not be able to do that since the owner would not be classifed as a real estate professional and earned income would not be able to offset passive income 1 to 1.   

In other words, manufactured homes have different land use classifications which restricts where they can go.

Hi all - I know this topic has been hit on a few times but I wanted to ask my question in a very specific manner to get collective expert feedback.  I understand I should consult my CPA, and I will.  They are, however...

@Christine Garnier All that matters is the property's zoning classification.

I really like this easy classification of neighbourhoods.

This Saturday (2-1-20) the Ann Arbor REIA is having a "Michigan Contracts 101" class. If

It may be location, not zoning classification.

And while higher prices usually means less crime, it's not always the case, particularly around some downtown areas.A, B and C classifications are subjective so you usually won't find that kind of interpretation on sites that aggregate data.

I have condos that outperform SFR, and small Multifamily properties so when someone tells you not to invest in the condo classification it's either they have a personal preference, it's their business model, the market they invest in or they don't know real estate that well.

I don't know what their inventory situation is but they often have a fairly long waiting list.If you're going to go the turn key route, in general, the ones to avoid are the ones that: Don't allow financing or a finance contingency (it can be a good indication they are selling above market value) Don't allow for your own independent property inspection Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors) Require you to pay for any renovation upfront Sell only in cheap. low end neighborhoods Don't accurately represent the neighborhood/property classification Don't have consistent rehab standards for all properties Don't provide a scope of work for the property Can't provide references of repeat investors Require you to close before a tenant is in place