I will tell you that non of the 5 financial advisers we've spoken with really understood the SDIRA angle and only 2 supported our self-funding of LTC.I'm curious what @Paul Allen thinks of this as he's an actual Financial Adviser and posted on this thread.

I had understood most investors figure 10% to be adequate.Can anyone with properties in Hamtramck or Detroit tell me your experience in these costs?

And I haven't heard a single friend mention that they think this will influence their decision to either stay in the city or flee to the suburbs.Additionally, I understood when buying in this city that there would have to be a financial reckoning.  

She understood what you tried to convey and hang up on me also."  

If you have to be active, understood, but really focus on a city or two and connect to local MF groups, brokers and property mgrs to learn what's going on.  

We just registered an LLC in the same state as our properties.As I understood from a conversation I had with a CPA this morning, UNDER the LLC structure, if the company has more than 1 partner, you can opt for Partnership LLC or S Corp.As an S Corp under the LLC, you can choose to declare whatever amount you want as self-employment tax, where as the Partnership LLC, requires all partners to pay full self-employment based on your shares of the company.

I have never understood why people need their hand held for everything but I agree most people want to be told what to do.

I follow many podcast too, I actually understood and followed most of the information.

As I understood you are pretty experienced I trust u have a systematic way to approach researching ;) Also I would be interested to hear which market has worked best for you so far...as I’m open to reconsider.

But the concepts he presented, I understood when I was ten years old.