Get one bad tenant and you could lose three years worth of cash flow very easily.2.

I recommend consulting a tax professional for confirmation on how international properties are treated in your specific case.

All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties in poor condition, because they pencil out to 2-3% deals on paper.

But unless you have bad terms I would likely sit on that deal for the first 4.25 years and then look to refinance at that point prior to the balloon payment 9 months later.

And treat this as 1/5th space as a rental.Or down the road, would it be better to have the entire property (home & garage/room) rented out to everyone involved and the property become an investment property. 

The sponsor has posted updates in it, albeit it bad ones.

It’s probably still a bad deal for the owner to install in more than about 10-15% of the assigned parking spots.

Long story short.
Went thru a relationship issue and lost it all last year. So the credit score is horrible (was a 822 before. Yes I am sick about it).
Over the summer i bought a home in cash that's worth 140-160k. ...

And so when the counter shows a five figure commish the broker has a hard time explaining why that kind of money is a bad deal for them..

Having bad tenants is not something you would like to have, thus make sure the tenant has sufficient income, credit, and who they are.