Detroit is a great city to invest in one just has to be aware that is is a block by block city and to be careful

In Phoenix, where I’m based, or in markets like San Antonio, the best realtors do more than just list properties.. they go “driving for dollars” to find oppurtunity, leverage their local networks (probate attorneys, CPAs, divorce attorneys) and carefully analyze each property’s cash flow.

It sounds like the reason you wanted to do this was to achieve Real Estate Professional Status. 

If you have limited prior experience owning / operating multifamily assets, they'll also require you to use a professional property manager with multifamily experience.

However, the tax treatment differs between short-term and long-term rentals:Short-Term Rentals (STRs): If you materially participate (work 100+ hours and more than anyone else on the property), you may be able to offset rental deductions against W-2 or other active income, offering greater tax benefits.Long-Term Rentals (LTRs): If your AGI exceeds $100K, your rental losses may be limited, unless you qualify as a Real Estate Professional (REPS).If you plan to expand your rental portfolio, consider an LLC later for liability protection and easier management.

If you know of any exceptional professionals in the Cleveland area with a strong track record or if you believe you are one yourself please reach out to me and I will get back to you.

It is important that you hire professionals who have experience working with foreign investors.

Ask lots of questions and you will receive great insight from professionals!

money dont care

If you’re serious about bidding, investing in a professional title search is worth it to minimize risk.