Ensure you have a trustworthy contractor, a detailed budget, and room for unexpected costs.

4-Plex details: -currently occupied-estimated sale price 265k-ARV 400k, and 4k/mth in rentBackground on me: -I have an LLC-I own 4 single family rentals-each has around 70k + in equity-all cash flow well -credit is 800+ with adequate income.

Hi @Jaime Ramirez its tough to say without knowing more details but majority of the time price is the largest indicator of what is going on.

I was hoping to find some people in here that have properties in Warren, Michigan to let me know the process of the licensing, the detail they go into during the inspection, and other steps. 

The following details matter when asking this question and you didn't provide them: Level of participationREPS or notType of property (short-term, long-term)Since you didn't provide them, it look Austin Cheatham answered the question assuming long-term, and didn't take the other factors into consideration.

A monthly statement should be provided detailing what amounts were taken and for what reason.

I appreciate any help / feedback you may have. https://biggerpockets.comehome.com/property-details/3830-Cre...

Save yourself some time by creating a detailed bullet point list of all of the criteria you look for in a deal - and be specific.

Anyone flipping or investing in the Chicago burbs, we have a small bigger pockets meet up coming up next Wednesday--reach out and I can give you details...

I would have saved few thousand dollars in inspection fees and appraisal fees if I had known that and I had a friend send me detailed videos.I'm not sure if this information is available in all counties but where I bought in the Indianapolis metro area, I can look up property tax records.