So now when we CORRECTLY view it this way, we see it's a very VERY slow slog, over many MANY years. 

But there are pros to doing this too.I don't know Detroit very well and I plan on going there to meet with different PM and see their point of view and see if there's potential in all of this.

From the lenders point of view, they want to see that you have "skin in the game" that way if you do run into any complications, you'd be more motivated to address them as you are invested financially in the project yourself.Regarding the tenants, I'm a bit less experienced in that regard.

For STRs, i always bet on it being outlawed at some point so most are underwritten as LTRs, no to low leverage, and/or we view as a family second house.

No views.

There's probably no "do this" and it works for everyone so keep gathering different opinions.The way I view a "good deal" might be different than how you view a "good deal"...so let's look at it from an "average" person's perspective.  

Make sure your rents support the property while you wait and that you have a view that is further out than 36 months. 

So, if your payments are $1,000 per month, the IRS views them as $990 principal and $10 interest, even if your note states that the interest is 0%.

@Tom ThomsonI am not an attorney but my 2 cents is he does not have to return your earnest money in my opinion if he can still meet the closing date on the propertyI view it as you are terminating the agreement because you don’t like the house anymore

On July 17, he had the following to say: “I believe current data are consistent with achieving a soft landing, and I will be looking for data over the next couple months to buttress that view…While I don’t believe we have reached our final destination [for inflation], I do believe we are getting closer to the time when a cut in the policy rate is warranted.”TP: Bird Words — When it comes to armed conflict, ‘hawks’ want war and ‘doves’ want peace.