Hi Priyanka,When you say C+/B- for cashflow in the City of Detroit you should know that there is a relatively limited opportunity for this.

Mostly being that when it comes time to sell I am not limited to selling to other investors looking for underpriced properties.

In many places the assessment process is done with limited and incorrect information in part because they don't have the right to enter a property unless the property owner chooses to allow it.

This limited inventory will likely continue to drive prices upward.Sales - Median $/SF by MonthAs expected of the season, the $/SF dropped slightly MoM.

Not saying it can't be successful but if you don't self manage the upside is very limited from what I am hearing about the area (if self managing is even allowed). 

@Michael Kazalas, personally this sounds like too many cooks in the kitchen, but also a very clear violation of SEC rules around material involvement.Granted, I don't know much about fractional ownership other than vacation rentals, which are limited to 8 owners, typically.  

While completing a Cost Seg study, they were very resistent to me using 6% and because of time-sensitivity, I decided to default to the "rule of thumb" method that you mentioned and used 80/20. 

I have studied a substantial amount but I do not have the experience yet.

The primary reason why people form a company is to limit their legal liability from lawsuits.

For example Washington DC limits building height which is dumb.