We’re fortunate to have an above-average income and live well below our means.This summer, we’ll be moving to Detroit (PCSing in August), and we’ve saved about $120,000 to invest in addition to having funds set aside for the home we’ll purchase in Detroit.The reason I’m posting is that I’m struggling to decide how to best allocate the $120k.

The macroeconomics are on fire here - population growth, job growth, and companies moving and developing here.

That way, her limited funds can go toward her own living expenses. 

Some of the manufactured home companies have a modular home option, I know Clayton does.

The concern with the DSCR loan is that I need to make the property present as though it's rented to individuals during appraisal (tough since it's a working rehab facility now) and must create another lease that shows the tenant as personal and not a company.

Start small, build a reserve fund, and work with local experts to ensure your first investment is a solid one.Good luck!

You would need to hire a leak detection company to find out. 

Same goes for number of LLCs and what to fund them with, since bear in mind that CA tends to be more cumbersome and expensive to have LLCs than other states.California is generally more cumbersome than other states when it comes to taxes and filings.

You should setup multiple ways to accept payment.Our tenants have the following methods to remit rent (no cash) -1) Online payment sysem2) Zelle3) Bank deposit at Bank of America.4) Come to the office to remit funds.

I know of one syndication company (not multifamily) that the founder was a pilot, and from what I have heard, a lot of the early investors were airline captains the founder flew with.