It’s a bit like playing Monopoly but with real addresses and real money.. and when done right, it can feel like unlocking a secret level in the real estate game.But hey, no point pretending it’s all sunshine and roses.

That is a fairly low priority issue for the Detroit police. 

You may pay 1.5m and up for a good one, likely more if parking and balconies, but the play is to buy a multi and then wait and in a few years, turn them into condos and sell them separately - that's how you make the money there.

Going to take some time but I’m hopeful to help make downtown a place in excited to bring my kids to and for them to know their dad played a small part!

Will need to know density, parking requirements, can the building withstand building on top, lot size, future planning etc…. depending on how well the zoning and platting dept plays with others!

That's a fairly large single family home.

It's a $10/mo subscription that you can turn off after starting it, meaning you'll have 30 days to play with it. 

:)The only beef I have with your post is that you are already assuming their is going to be beef between tenants and you are going to have to play peace maker.

ya to be fair here.. with this type of land there is no HOA  No utl search etc.. but I was still pretty stunned..

But yes, your retirement benefits may be negatively affected when you play the S-corp game.