This!

Hi this is Swanny.  

I visited detroit this summer and I was surprised on how nice downtown Detroit was.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

This approach is cost-efficient and eliminates the complexities of dual-state filings.

Owning in an SCorp is not for all lenders, but plenty of lenders are ok with this holding type. 

I am exploring options - sell his place, use is as a rental or take some equity out if it to purchase another property (I was thinking maybe a short term rental on the lake)?

This has been my experience and I live in an ultra-competitive market.

With a project this size you want to 100% verify before diving in.

This vary heavily town to town. 20% down is great if buying strictly as investment but if you have a way of owner occupying I would explore that route and apply the 20% down to increasing value of property and instead using low money down loan.