A well drafted operating agreement will address business planning above all else.

In many cases, it’s possible to address the issues and enjoy passive rental income again.However, selling may be the best option if the problems seem long-term or too costly to resolve.5.

Building a solid team is a smart priority, as real estate investing is much more efficient when you have a trusted group of professionals→ agents, contractors, lenders, who understand your goals and the local market.Your plan to own four long-term rentals in the next four years is both realistic and attainable, especially with the type of property you're targeting.

High efficiency appliances were utilized including HVAC, light fixtures and water heater.

Get both POV.3) Return to your lender with the addresses you are interested in and get some term sheets. 

Sometimes, you need all the time you have available to address any issues or concerns.

See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.

I self-manage and have a pretty efficient network of Excels to show this data.

If so, this seems risky as it leaves little time to address any issues?

Address is 13000 Plymouth Rd Detroit, MI 48227.