In case anyone else is wondering about this, it's my understanding after doing a ton of research (but not having talked to a professional) that bonus depreciation only applies to properties in the US (not international properties).

Attend seminars or workshops.Build Your Team: Start networking and finding the right professionals to support you.Start Looking: Look for properties that fit your criteria and financial capabilities.Make an Offer: When you find the right property, make a fair offer and negotiate the terms.Close the Deal: Once you've reached an agreement, complete the necessary paperwork and close the deal.Manage Your Investment: Maintain the property, screen tenants, and review your finances regularly.Make sure you have your criteria down, then financing and property selection is Easy!

Unfortunately having title issues is one of the reasons that sellers are sometimes willing to do seller financing simply because they know mortgage companies won't approve without proper title work and title insurance so they have to be more creative in the ways they sell but that can be risky for you as a buyer.If you do seller finance I recommend having very specific terms on HOW payments will be made and accepted and using a professional service like https://www.agecroftcapital.com/ for loan management in the case of any disputes - just my personal rec, not sponsored by BP though I do work for BP :)

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Call a drain professional, not a plumber.

Absolutely I would not spend $$ on a cookbook, not everyone cooks, and it will likely just go in the trash.Also, the first few months are when tenants are in the testing phase, so this isn't the time to show them you are a softy, it's the time to go strictly by the lease, and this is a professional relationship. 

You can also look at umbrella coverage that further strengthens the protections you have personally and professionally. 

For now you've gotten some great advice from some seasoned tax professionals. 

Detroit is not a market to play around in without a professional on your side.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

Looking to buy my first (of many) rentals in Cincinnati and looking forward to connecting with professionals in the Cincinnati market.