There's loan programs that exist that provide the rehab capital needed to fix up the house but access to those funds are at an "after the fact" discretion. 

Mine has a life-long learning program offering over 140 classes in topics that include some popular software packsages. 

James,There are several grant options and DPA program out there have you reviewed all of your options and compared them to BOA? 

Unfortunately most of the turn key programs are geared towards these lower barrier neighborhoods because the margins are low and the low barrier neighborhoods are where the turn key providers can generate necessary scale so be mindful of this when you are conducting your diligence. 

If you're looking to build a rental portfolio in Detroit, I would suggest utilizing government programs like section 8.

Customers with good credit end up paying more when they use a "Broker" or Lender who are simply the "middle men".The other thing is there are new programs that only require 15% down for 2-4 units and almost all lenders and brokers require 20% to 25% or more for 2-4 unit multifamily investment purchases.

Pitch seems to be free 2 hour class, $300-$1000 weekend class, $25,000-$30,000 if you are serious and run to the back of the room right now for a limited spot in the Super Duper Mentoring program...and another $50-$100/month for some type of software.What state are you in or do you plan to invest?   

RentManager has a really good accounting module, so if you use RentManager, I don't think there's a need for a separate accounting program.

Hi Dave,As @David M. mentioned, LLCs are pass-through entities so it's more about liability protection than taxes.As a side note, you can get DSCR loans on your personal name if you desire for some programs.

Benjamin,I am not sure if you know this or not but there are a few programs out there that offer Physicians 100% financing up to $1-Million dollars.