As you alluded to, sometimes a passive note investment purchased for monthly payments “goes south”, and becomes an active participation investment, with plenty of additional capital required for legal fees, forced place insurance, and property taxes.  

Hi Nancy, I have sold property for clients in Carrollton.  

Yes, you should be honest about how many people may reside in the property.You are buying insurance for the entire property, not just your unit.

As far as a DST goes for replacement property, it can be a great potential solution for those who are no longer interested in the traditional responsibilites of ownership any longer or who may be having a difficult time finding adequate replacement property or properties. 

Quote from @Evan Thomas Andriola: For those with properties (preferably duplexes in Cleveland) do you usually rent places with appliances (fridge, stove, etc.) already included or do you ask tenants to bring their own (mostly section 8).

Based on this I am considering going naked in regard to EQ coverage for this specific property.

Be careful when you start thinking other sales will equate to the same numbers for your property. 

I will be the one actively managing the property and doing most of the research, and my brother will act as more of an investor.

JimGo to the city’s assessor’s website and look up the property record.  

Is he just wanting to dump the property or trying to maximize profits.