That said, Detroit is very much a block-by-block city, so local knowledge is critical to avoid issues.If you’re serious about learning more, feel free to send me a DM.

The justification for eminent domain would be the cost of defending the current set up, health costs and environmental cleanup costs. 

Account for the cost. 

Since we aren't in that state it would cost more because we can't physically be there to track projects, network for contractors etc.

If purchasing new real estate as part of your reinvestment, a cost segregation study can maximize depreciation deductions, offsetting future taxable income.For effective planning, assess how the sale price is allocated between real estate, tangible assets, and goodwill, as this determines the tax treatment.

I've already picked up some great tips, like focusing on operating costs, using comps for ARV, and the unicorn-like nature of good contractors.

I think it depends on the area and insurance costs.

I know that if a cost seg, l would need to back that out of my California return.Your answer seems to confirm what I suspected.

Exceptional comparative value and lower operating costs. 

Is saving the fee a PM charges worth the potential thousands in cost and headaches?