Best to start the process to sell.If you decide to keep it, you should talk with the contractors - you don't need to do high-end renovations for a rental.

Many investors do this and don’t see issues, but it’s best to proceed carefully and know there’s some risk.You don’t necessarily have to inform the lender, but it's wise to consult a real estate attorney or CPA to guide the process and minimize risk.

In Metro Detroit area, police will not remove these types of occupants (they are afraid of scamming landlord having police remove legal tenants), calling them a "civil matter" forcing landlord to start court eviction process.

-repeat the process every year by acquiring one house every year with the appropriate income qualification

The appraised value seems low and I am trying to understand the best strategy to challenge this value and the cost / benefit of going through the condemnation process. 

Your informative account has helped fill-in a few progress blocks in my own process. 

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

Public RecordsIn various stages of the foreclosure process, notices are recorded with the county clerk at your county recorder’s office.

I’m currently in the pre-approval process to purchase a 2-4 unit multi-family property.

Hello,Does anyone know how much it will cost to delead and if you have any recommendations on which company to use that would be great help! We plan to do a lead inspection first but just want to get a general idea of...