I'm skilled in financial analysis, project management, corporate real estate contracts, and data analysis (SQL).

You can test out mid term or short term rentals on one or a few of the units to offset that, or you can accept that you're drastically lowering your living expenses and building equity. 

Understandable during the days of yore when all the data was exclusively held on the MLS and you needed agents to get access to reliable information.

We have been long term owners for many years and have recently decided to make the move to medium term on 1/2 of our duplex to test the market.

Their explanation is that the numbers I'm seeing come from sources that only use data that is reported to them by realtors who choose to list rentals there for example and that most management companies like them will not publish their actual rents so their numbers are based on their own comps which are more accurate. 

@Ashley RuddCongrats on passing the test and getting licensed!

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 have data on.PM us if you’d like to discuss this logical approach in greater detail!

Hey Justin, You sound like a prime candidate to take advantage of section 121121 qualifiers Must live in the home in the past 2 of the 5 years 24 months non consecutive required Must have owned the home for at least 2 years Only one spouse needs to meet the ownership testBoth spouses need to meet the use test Neither spouse has excluded a gain / used section 121 in the past two years Must file jointly for the 500k exclusion

I am working on a website right now that will highlight data from the SEC for those funds that have red flags.

This works because, for short-term rentals, the IRS rules allow income to be treated as non-passive if certain conditions are met, such as offering substantial services and meeting material participation tests.