Proportional leverage (like 27% LTV) isn’t specifically required, but if you don’t reinvest the full amount or fail to replace debt, the difference will be taxed as boot.

@Aishan Gonaduwage what specifically have you read, and how OLD was it, about Detroit being on the decline?

@Tom OchiengI would reach out to a real estate attorney for specific advice on this situation since you already have one tenant who is being difficult.On a side note, when I have inherited tenants, I have been most successful when I have provided longer non-renewal notices, like 60-90 days, and offered to assist with moving costs.

REI investing for almost 20 years, owning a wealth management company for 22 years, suffice it to say there has been a lot go data/spreadsheeting/tax analysis/meeting with my team go into this overall decision to sell the entire portfolio at once.  

Are there specific factors you look for in an area to make sure it’s a good fit for this type of rental setup?

CPAs often advise against pursuing this designation unless the time commitment and documentation are robust, as failing to qualify can result in IRS audits or penalties.The 500-hour rule pertains to material participation in specific real estate activities or businesses.

Then post something in the group saying "I am an investor looking to buy properties in (insert specific cities)."

Would you share 3 specific things I should do during my "training period" (if it includes a book, which one)?

The platform's main focus is processing mortgage documents in their raw form to extract specific financing terms for all properties in the city.

We're often helping each other problem solve our listings or helping with specific situations that are occurring at our properties.