However it is largely based off of relationships and working history.

I realize based on your reply that I misstated my question - I intended to ask if you get pictures post-cleaning to document the condition the guests will arrive to.

That's why I posted, to provide people with real advice based on my experiences so they can avoid making the same mistakes.Providing greater buffer space for capital expenditures and controls is a good risk management strategy.

Saw you were based out of Riverside - are you thinking of wholesaling there?

We don’t do overseas rental units but recently have traveled in those countries and my brother bought in Italy and my son is based in Sicily.  

The key is to be ready, wait for the right property, and adjust your offer based on the strategy you want to deploy.The time of year is less important than the property itself.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

Even if you believe you can stomach the monthly payments, paying $20K a year to carry a piece of land based on the information you shared is not recommended.

However, based on your risk tolerance, you need to decide whether to file now or wait.

Based on what you all have said I think my best option for now is to put the multi fam under my LLC and keep renting the others as I have been.