If you have any questions or concerns about the Detroit market please feel free to chat with me.

Originally posted by @Jay Hinrichs:@Bruce Petersen   @Mindy Jensen  Mindy I think Bruce would be excellent at this time.. as so many are concerned or wondering if Multi is just too frothy right now.. it would be a bet a nice show for your audience to be able to hear his thoughts on the current market and trends.

They should have use that equity to buy another property.We have moved to a lower LTV or higher equity position relative to our concern in the economy and backing off scaling as we go into retirement.  

They inherited the property from his father, ran the home for many years, are facing some health issues and are retired.

I have different strategies in mind but my main concern is if I should start an LLC now or after I buy a few properties?

.: I don't understand why that's a concern.

Here’s a recap of key points.Slower growth in prices and rents: Florida is expected to experience slower appreciation or even declines, affecting short-term returns for investors.Affordability challenges: While affordability remains an issue, the primary concerns are rising expenses and increased supply.Increase in new inventory: Florida is experiencing a significant rise in new housing inventory, contributing to oversupply.

Hmmm... lets think about this and list just a few things that you are paying them for... tenant communication, owner communication, managing expenses, maintenance concerns, vendor communication, negotiating vendor pricing, rent collections, accounts payable, accounts receivable, tenant procurement, 3-day notices, 7-day notices, 1099s, accounting, and 24/7/365 MANAGEMENT OF YOUR PROPERTY, for pennies of the rent...

As far as the processing times are concerned, they do take a couple of days to send you your funds.

Yes, an entity can be appointed as attorney-in-fact for an individual.My concern about the above... an attorney-in-fact depositing the funds of the principal into their own account would be an obvious breach of fiduciary duty.