But most of us don't have the million dollars in cash so it doesn't matter.Same with the "amortization" returns which are better defined as principal paydown. 

Agreement on Default Procedures: - [ ] Define default conditions

The 1.469-5T(b)(iii) tax code that defines the material participation tests uses the word "individual". 

@Monir BadeerCheck out some of the great things happening in Detroit in 2024https://michiganchronicle.com/2024/01/03/major-developments-that-will-define-detroit-in-2024/

AND, this deal would require me to deal with tenants of lesser means than DC as well as commercial tenants and I have no experience with those two aspects of landlording. 

This eliminates your risk exposure when finding vendors to complete rehabs within budget and handles the time consuming aspect of property management.

Split 80% to property manager & 20% to firm for new tenant lease fee2) Flat monthly fee paid to firm - the rest the property manager keeps3) 70-90% of all fees to property manager depending on how much work & setup the property manager is doing.Advice Received:1) Have agreement looked over by lawyer.2) Decide upfront to revisit agreement after 1 year.3) Define what help I would be providing to other agents in the office or the office as a whole.

You may use this information to make well-informed conclusions regarding the viability of home hacking in the region.Exit Strategy: Make sure your plan of action is well-defined.

Check out some of things happening in Detroit in 2024:https://michiganchronicle.com/2024/01/03/major-developments-that-will-define-detroit-in-2024/Your first question shouldn't be WHERE to invest (that is #2 question), but HOW you will invest!

Another aspect is to invest in a high crime area that will appreciate in value.