Due to the low interst rates, I wasn't planning on paying off that mortgage, but in 2021 deided to sell the property for 3.6 times what I paid for it and take advantage of the price run up and market condtions. 

If you want to minimize risk and capitalize on investment with passive income and stable cash flow this is the rental property strategy that is most advantageous and works best in Detroit.

yes in theory turnkeys limits you to create/add value .If you do see a deal that makes the numbers work, you should still consider the deal and take advantage of it.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

A few other great advantages to section 8 outside of knowing that rent gets wired directly to your account on the monthly like clockwork or in the case of Neighborhood Legal Services a check lands in your mailbox monthly like clockwork, is that section 8 is Covid proof.

It hurts to let the 3.5% rate go but since you're not going to be able to rent that place out in the future I'd take advantage of the equity you have in it and start the investment road you're wanting to go down with a single family.

So all in all, “Tenant B” is abusing our dad by taking advantage of him because “Tenant B” is always short rent and continues to breach her contract due to our dads dementia diagnosis. 

It removes all the advantage of using RE to increase wealth.

Being able to phase the duplexes is a nice advantage however.

Assembly Bill 1771, also known as the California Housing Speculation Act, aims to change real estate tax policy to discourage investors from quickly reselling properties like single-family homes.Under the proposed bill, an additional 25% tax would be imposed on the gain from the sale of a qualified asset (including homes) within three years of the previous sale.The tax reduction is dependent on the number of years passed since the initial purchase of the qualified asset, ranging from a 20% reduction for sales occurring between 3.01 to 4 years to a 100% reduction for sales occurring more than seven years after the initial purchase.The revenues generated by this tax increase would be deposited into the Speculation Recapture Community Reinvestment Fund, which aims to support affordable housing, local governments, schools, and infrastructure projects.The bill is introduced by Assembly Member Ward, and the proposed tax changes would take effect from January 1, 2023.Assembly Member Ward argues that short-term investors in the market, including fix and flip investors, contribute to rising housing prices, limiting opportunities for Californians to purchase homes.While the bill may discourage short-term speculative transactions, it is worth noting that California's tax laws still provide certain advantages for investors, including unlimited tax write-offs and depreciation benefits.The bill is subject to legislative approval, and Assembly Member Ward will speak publicly about the bill at the San Diego County Administration Center on a specified date.Please note that this is a simplified summary of the bill and its potential impact on fix and flip investors.