You are allowed to charge for ALL damages beyond ordinary wear-and-tear.

On top of that, the rent-to-price ratios in Detroit often outperform other markets, which can mean solid cash flow alongside appreciation potential as the city continues to grow.The key with Detroit is understanding the nuances of the market—it has a large footprint, and neighborhoods can vary drastically, even block by block.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

This collaborative approach not only enriches your understanding but also opens doors to potential partnerships and investment opportunities.

If a conventional loan is only available in your personal names, transferring the lot from the LLC to yourselves before the exchange could trigger IRS scrutiny and potentially invalidate the 1031 exchange due to the same taxpayer rule.

Potential Marketing StrategiesShould I directly contact insurance companies to be added to their approved rental property lists?

It's creating new ways to unlock property potential and offers a pathway to profitable investments if you're targeting the right neighborhoods.Here’s the deal: SB-9 allows to split a single-family lot into two parcels and build up to four units.

Being an agent I knew the market and the potential it had.

I'm doing research for a potential Air BnB property in the Covington area.

This property in Anderson, IN had strong potential due to its low purchase price of $60,000 and a promising after-repair value.