We have a handful that we manage for clients.

I normally advise that people start a business as a sole propeitor in their first year.If it is successful and something you want to continue, then have a conversation regarding entities.

Hopefully, you're looking to do this on a Class A property, or at least Class B.We've turned down Class C rent-by-room opportunities in the past because in our experience/opinion, you'll need someone that can visit the property weekly to not only keep an eye on what's going on, but also to "keep the peace" between residents.

I'm sure many investors would benefit from this!

S8 prospects should be screened just like any other tenants and a Home Interview done at their current residence.5) The PMC is your most important team member!

Many of our borrowers/clients have one LLC that owns the building and another than own the operating business.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

This attempt to drum up business should be in the classifieds section.

Money was expensive over there and at the time, I didn't know how to get hard money to do rehabs. 

I also reference this a lot but there's a step doctrine- basically if you're putting a step in the middle only to avoid tax...it isn't valid.