What's the current situation in terms of cash flow?

In terms of property depreciation, would it make sense to distribute across 30 years or is it possible to claim a one time depreciation?

Hey Layton, I have a 12-door portfolio in Detroit and I've used TenantCloud for years.I like it and it does what I need it to do in terms of rent collection, applications, integrated background checks, etc.

Not positive on the lien part, but in terms of finding a cash flowing multifamily...

Hey Cédric, fellow Californian here up north of you on the Central Coast.I invest primarily in Detroit (12-doors there), but I'm also building an ADU here at my primary.You can definitely still do BRRRR deals in Detroit in today's environment but you have to be careful of the team you're working with.There's a lot happening in the Detroit market in terms of investment and revitalization.

You can also be hit with special levies or increases in the fees as well as the condo board changing rules regarding rentals.Three years ago when I was looking at a higher end condo vs a single family home, the comparables in terms of rent were a condo for about $240K with monthly fees of $250 (I think) vs a single family home for $270K. 

But I've had a lot of issues with the accuracy of Zillow's estimate in terms of accuracy as it really isn't; in my opinion, structured to predict changes in rent over time or take into consideration any additional amenities or upgrades.

I welcome your feedback and appreciate any pointers in case plan to sell in 3-5 years in terms of value addition or turning into rental property, 

In terms of mailers, if I'm targeting commercial-type properties, how would I target commercial landlords or businesses that own their own real estate?

In terms of giving away equity; I am not sure if this is too far down the road, but getting long term debt on the property is a consideration as an exit.