Hey everyone, I’m trying to decide between purchasing a single-family home or a multi-family property for my first real estate investment in Detroit, and I’d love to get some advice. 

I'm happy to chat about the calculator I use when evaluating properties along with my set inputs.

This is my first time entering into commercial investing.I bought an old property which is in CRT (commercial residential Town/mixed use) zone.

@Sakshum Kulshrestha The key to the rental license in Philadelphia is ensuring the properties zoning allows the use.

@John Zhang If your wife qualifies for Real Estate Professional Status (REPS) and materially participates in managing rental properties, there is no limit on the amount of rental losses, including depreciation, that can offset your W-2 income.

The moment you get emotional on any property you should run away not walk.

Navigating eviction and collecting past due rent can certainly be challenging, especially while managing property from out of town.For managing the process remotely, I’d recommend joining the **Chicago Friendly Landlord group** on Facebook.

Are you looking to have a team manage these properties? 

Or was it just you driving around a side of the city you work in until you found those distressed properties to call on?

Got an equity line of credit and borrowed from it to pay cash for the property.