New year, new laws (Senate bills 205, 206 & 207).Effective January 2, 2025, Michigan landlords can no longer consider a tenant's source of income when screening them. 

This has become increasingly popular after the suit settled 2024 with the National Association of Realtors regarding commissions and client representation.see article:  https://www.cnn.com/2024/03/15/economy/nar-realtor-commissio...Good luck!

I’ve seen many investor clients use 1031 exchanges effectively.. just be sure to get specialized tax advice.

If interest rates come down, then we should see more demand for homes, which will increase prices, and have a modest dampening effect on rent growth. 

The rules are designed to prevent related parties from engaging in exchanges that shift high basis property for low basis property, followed by a sale of the low basis property, effectively "cashing out" without recognizing gain.If you sell a property to a related party as part of a 1031 exchange, both you and the related party must hold the exchanged properties for at least two years following the exchange.

They were never particularly nice, beach cabins on stilts with rattan furniture that usually had water stains from wet suits.  

While it might feel counterintuitive, it can sometimes save you the time and cost of a legal eviction.I’d love to hear from others in the forum..Have you found any creative or cost-effective ways to navigate eviction challenges?

Then, at death, the property’s basis resets, effectively erasing the accumulated depreciation.

Our life is complicated and I work a complicated stressful job, but if we’re being honest, I also don’t have time for renters, but I somehow make it work and I personally think it pays off.Mtg: 1800Rent: 2900Owe: 200Rate: 4.5 I thinkSell Price: est. 450-460No other rentals except an in law suite on our current primaryFuture goals: would love to use this properly to buy other properties to get out of the corporate rat race. 

Some – almost invariably small ones that did not or could not adapt fast enough to suit their regulatory Masters – had to be sold for pennies on the dollar to banks that are Too Big To Fail.