Readers are advised to seek professional advice. 

Choosing a professional restoration company seems really important, especially for damage like water, fire, or mold.

This influx is largely driven by young professionals and families attracted to the city's burgeoning tech scene and quality of life.

Cosmetic repairs that don’t pose health or safety concerns are typically optional.Then be very transparent and communicate thoroughly to the tenant, as to provide a professional explanation for your decision forward. 

For example; young professional may trigger higher demand for smaller units.

Cost segs unlock these savings, but the losses won't offset your ordinary income from your job unless you are an RE Pro.Here's how to think about RE Pro status to make the best case with your CPA and the IRS:RE Pro Status starts with the IRS definition of a Real Estate Professional (IRS Pub 925).It is not as simple as getting a real estate license or working for a firm that provides real estate services.Ask yourself these questions to see if you qualify:Q1: Are you in the right business?

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Any recommendations for tax professionals who specialize in Detroit properties?

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I was told if I could show a professional license such as a broker license I might get approved but the best option would be a Private Investigators license, otherwise, they didn't see any other path to approval for me or my company.