Additionally, you can still find properties for 120-180k that will positive cash flow and hit the 1% rule.

This involves creating a Wyoming (WY) blocker LLC, which will act as the member-manager of the Michigan LLC.

Be mindful that there are rules that the lenders want you to check off.Furthermore, there are other rules on the tax side where you want to normally be under to get the most tax benefits.The magic number in both instances is '14 days'Lenders want you to stay atleast 14 days to meet the secondary home requirement.The tax accountant normally wants you to stay less than 14 days or 10% of the days it was used as a rental to treat it as a rental and not as a personal residence.Best of luck!

I have a spreadsheet I created for clients.

I believe after the holidays the other unit will go quickly.What is the rule to refi into conventional loan?

With careful planning and consistent effort, you can create a portfolio that aligns with your long-term goals.Good luck!

I tried to create rapport with the owner over the phone but waited to present my real agenda only in person.   

Your long-term income depends on whether the investment city attracts new companies that create replacement jobs with similar wages and skill requirements.

A CPA ensures compliance with IRS rules, maximizes deductions, and avoids costly mistakes, especially for higher-income earners with multiple income streams.

// Shared Ownership, Different Rules TIC Owners: Hold fractional shares of the entire property, but no one owns a specific unit outright.