People will forever say “avoid Detroit” or good luck cash flowing…. 

Out of my 32 properties, I’ve seen insurance rates drop by up to 40% on renewals, and property tax increases are finally slowing down compared to the crazy jumps we saw over the last five years.

I'm not motivated, but the homes needed work I didn't want to do or I did if for strategic tax or debt shell game reasons.

Being a real estate professional allows you to treat the income as non-passive, allowing higher high income tax payers to pay less in taxes.

Typically its done for open space or use for community property (ie. fire station location or other county use) and typicaly would assist in increasing tax base.  

I also want to learn about purchasing properties with tax liens / bankruptcies / foreclosures.1.

It’s definitely smart to evaluate the tax and cost implications of your funding options.

If you would like to avoid that process, then you can either close with a portfolio loan or DSCR, and just vest title in your LLC from the beginning @Lau Cor. 

If you don’t have a shop, you can still point people to toys, but you’re not supposed to act like you own the shop or start setting prices for toys you don’t actually have.Here’s why some wholesalers avoid getting their toy shop license:1.

Most places in Ohio can be profitable rentals... if you can stomach those property taxes!