My wife and I have one rental unit and are trying to move toward our next property, but still are trying to learn more and find additional ways to make some side income to speed the process.

The northland MAREI meeting and the main monthly meeting at MAREI have a minimal fee, or for $99 a year you can attend all of them for no extra charge - northland is in person, the main meeting is still online, both are great ways to connect and learn. 

I’ve never sold a note so I’m not sure how big of a discount a note buyer would demand. 1.

I did some research and saw reasonable prices on following neighborhoods, after I read what you wrote I understand that the good prices might have been on the less good side of the neighborhoods but not sure how to check.if you could let me know if it is better to stay away from some of them I would really appreciate It:Mount Washingtonverna- out side of Pittsburgh BrooklineLarimerLincoln PlaceCarnegieWilkinsburgHazelwoodSherade

I believe you can also utilize an independent savings account, but you should check with the bank to make sure.

Check out this chart: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyMake sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed and ranked on a map on our website.DM us if you’d like to discuss this logical approach in greater detail!

You Can Only Have 35 Non-Accredited InvestorsRule 506(b) allows an unlimited number of accredited investors but restricts you to only 35 non-accredited investors.However, there’s a catch:Non-accredited investors must be financially sophisticated.They must have enough experience to evaluate the investment risks.From the SEC:“Securities may not be sold to more than 35 non-accredited investors… [who] must meet the legal standard of having sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of the prospective investment.”If you’re planning to include non-accredited investors, make sure they qualify—or you could be violating SEC rules.3.

I believe in putting in the work—1,000 hours of research, testing, and learning—before offering advice, and I’m excited to tap into the collective wisdom of this community to refine my approach.Here’s where my head is at: I’m considering strategies like short-term rentals (Airbnb) for higher cash flow, long-term rentals for steady income, or even creative options like house hacking or partnerships to stretch the funds further.

The nice thing with a setup like that is that groups of multiple couples can always rent their own cabin, just be sure to have some shared amenities where everyone can hang out together whether they know each other or not. 

Regarding inspection, I am honestly not sure.