If you are always dishing out assistance, people will return the favor down the line.

Also, don't foget to factor in charging for your ongoing time if the MTR guest requires assistance during their stay.

I suggest you look into commercial lending, to learn about it before you require it, and start looking for people in the lending space who can assist you as you move forward and with whom you can develop relationships.You now have mad skills and experience doing the whole demo and rebuild, and if you can repeat a few times, your one deal enables you to add a couple others.  

He has an LLC, but I am an individual.

If the answers are "yes" and "no" to those questions, respectively I'd highly suggest you look into Detroit's down payment assistance program.

Do you prefer working with individual freelancers or established teams, and why?

Starting in Highlands neighborhood (or northside) which used to be a very rough part of town, is now the one of the top 3 most desirable are in the metro and this has slowly trickled down into neighborhoods south.I am an engineer so I love to base my decisions on data, so for example looking at census data, I like to look at % of high income earners in an area to gauge if I should invest or notFor 80204 which includes the neighborhood of Villa Park, in 2010 the % considered upper middle/high income was 4.2% of households. 2022 census says that now it is 40.5%On the other end is 80219 which includes the neighborhood Westwood which would have the lowest income area on my list, in 2010 Westwood had 4% as well, by 2022 it had 21.1% high /upper middle income earners.I have properties in both and tenant applicants are a wide variety (lower income folks on rental assistance to high income earnings wanting to rent in an area before buying a home) so its hard to put a property class in this area. 

@Jimmy Rojas A family member who failed to file taxes for many years reached out to the IRS and they assisted by providing his total reported annual income for over 7 years to make it easier for him to file back taxes (he couldn’t find his paperwork for most of it).

Opportunities in real property investment need to be evaluated individually on their own merits.  

Good afternoon BP family!
I apologize in advance if this question seems rather “foolish”. I typically operate within the residential space and have a few rentals. I have turned down a few apartment scenarios becaus...