However, it adds complexity, costs, and doesn’t guarantee tax savings without proper structuring.

Hey Francys, I've been investing in Detroit since 2019 and I've also been working with investors for the last 18 months.The sentiment has drastically changed over time and here's how I'd sum it up.In 2019, when I purchased my first rental in Detroit proper (not the suburbs), I was told that I was crazy.

- Yes, it MAY be important, but if you don't understand the "why", how do you know you are properly interpretating & using the data?

They'd be a partner and help provide solutions to operational challenges when scaling, we'd bring tech in like Breezeway for scheduling, give them a company card with spend limits to buy supplies, they even ended up landing a deal with a local laundromat to wash and fold there after-hours to make their lives and ours easier.Truly a win-win. 

If the proper reports and documentation are not completed, you run the risk of failing an IRS audit and the cost segregation not being honored.

So, proper screening is EXTREMELY important!

Sometimes it has to be zoned properly or it might need to be a specific distance from an already licensed home.Then you need to determine the licensing requirements and see if you can meet those.

They never see the card.

I have their business cards, but haven’t used their BLOCs.  

You can find 1%+ rule deals just about anywhere in Detroit proper but that doesn't mean you should be buying them all.