Quote from @Carson Hyland: Even if you buy the right property, failing to manage it well will kill your cash flow. 

Joe Edwards is managing partner & we’ve been working with Nick Raiamondi.

I focus solely on Detroit proper because, in my experience, the rent-to-price ratios, opportunities for value-add projects, and overall market potential are much stronger there.That said, Detroit is a nuanced market.

Does it have shared systems you have to manage or separate utilities for everyone? 

Louis, MO real estate, ABODEbucks is a full-service STR-specific management company charging a flat $250/mo + $20/night booked.

Your experience reminds me to manage the portfolio well (i.e. sell losers) and to be patient. 

Just want to drop the message here, anyone located in Dubai or distanced managing properties there?

Here is an example with some figures:My LLC total investment = $204,000Partner LLC total investment = $196,000Value of project when complete = $500,000Each LLC value afterwards = $255,000 / $249,000The plan was for me personally to go get the refinance loan because the terms are so much stronger than if I went portfolio with the LLC.Loan total = $300,000 (keeping at 60% or under of value for best terms from the bank)Partner LLC payout = $249,000My LLC payout = $51,000In this scenario, I am struggling to see how to get the remaining equity in the project into my personal name? 

Hey Barbara, I have a property manager I can recommend for the LAIC service.

However, the tax treatment differs between short-term and long-term rentals:Short-Term Rentals (STRs): If you materially participate (work 100+ hours and more than anyone else on the property), you may be able to offset rental deductions against W-2 or other active income, offering greater tax benefits.Long-Term Rentals (LTRs): If your AGI exceeds $100K, your rental losses may be limited, unless you qualify as a Real Estate Professional (REPS).If you plan to expand your rental portfolio, consider an LLC later for liability protection and easier management.