You probably can’t put locks on individual bedrooms because that would turn your building into a hotel (unregulated, unregistered).The polite description of your plan is “folly in the extreme.”

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

By no means am I a local expert, but I think that the househacking is the best way to get started for almost everyone, especially a single person, or young couple. 

These studies can be pretty complex, and a third-party expert will ensure it’s done correctly and that you maximize your depreciation.

For example, if you plan on being a doctor, Attorney engineer, then college can be extremely valuable.

Hi experts, I have a question about net passive income from rental properties.Say I have passive loss (say -X) from investment property A, but have passive positive (say +X) from investment property B.For tax purposes, can I pool A&B together to net them to 0 on the whole passive rental properties income?

Also be mindful of existing or proposed restrictions - I don't recall anything extreme proposed in Ludlow or Dover, but Wilmington is being very aggressive in all but eliminating STRs.

It's important to carefully evaluate the costs and terms associated with each option.Consulting with a financial advisor or real estate financing expert can provide personalized guidance based on your situation.Best of luck with your acquisition!

So, proper screening is EXTREMELY important!

(I have a background in engineering and experience with rehabs.)It's right at the top of what I can qualify for on a personal mortgage but when I add in other revenue generating opportunities things quickly change.Before my wife and I jump into this I'd like to reach out to the experts.