Pay special attention to #4 and #5.An LLC is useful for two things: anonymity and legal protection.

Simply buy a property every year or two if you can.

Restaurants in the immediate area would definitely depend on one's taste, however, its about 12 min to ferndale, 15-18min to Royal oak, so between Downtown Detroit and those other two places one would have solid options

Since you have lived in the property for two out of the previous five years you could take the first $500k of the gain tax free (as a married couple).

However, if you have a more extensive portfolio or plan to become larger in the next year or two, I would look for a double-entry system that allows bank reconciliations.

A larger storage building (10X 12 tall barn style) is in the easement and I was told they would move it and move it back, at their cost.The access to the two rear units will be obstructed and damaged by the heavy equipment and the tenants will be upset and don't have another place to park their 4 cars.

Quote from @Rob Gallitto: Getting ready to sell a multi-family property in Northeastern, Ohio the property has two units.

I’d suggest you call a PM or two and ask them 1) How much rent they would charge. 2) What fees they would charge you. 3) How long they think it would take to find a tenant at that rate.

We have two BP investor meetups here in Asheville every month.

In working on construction loan financing, the lender informed me I'll need to unencumber that portion of the property (makes sense) before closing on the construction loan.I understand there to be two methods generally speaking: refinancing my mortgage and removing that portion of the property in the process OR attaining a partial release from the lender to remove that land.I *strongly* want to avoid refinancing as I have an amazing rate, but partial releases seem complex and also require a survey.