After 30 months I will have paid the loan down a little, forced appreciation, might have a little market appreciation and hopefully interest rates are lower in 30 months then they are now.

Vine City has high crime rate, so it's a no.

If the amount is significant I draw up a document stating the interest rate and the payment plan.

The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Homestead versus Non-Homestead Millage RatesCounties & cities in Michigan are allowed to set their own millage rates, with one restriction – a primary residence (Homestead) is exempt from up to 18 mills of school taxes on their Homestead property.

It's important to understand the difference, and I'd recommend sticking with the REIT with depreciation advantages.The Tax Cut and Jobs Act (TCJA) includes a 199A deduction and applies to certain income from pass-through entities (including REIT dividends) and allows individuals to take the 20% deduction against REIT dividend distributions that yields an effective tax rate of 29.6% or 37% (80% for upper bracket filers).

Then we see if the current tenant later decides to extend or we list the limited open period, often at a slightly discounted rate. 

I can see why your ratings are so high. 

Home 1- Bought at $166,000Year Bought- 2015Interest Rate: 4.375Remaining balance: $75,000Value- $321,000Home 2-Bought at $197,000Year Bought- 2020Interest rate 3.625Remaining Balance: $163,379.25Value-$283,000Home 3- Bought at $247,000Year Bought: 2022Interest Rate: 4.875Remaining balance: 226,434Value-$325,000   Few things:1.

While there are definitely house hacks that have allowed owners to live for free and show positive cash flow the current interest rates and prices make those less common.

What are typical CAP RATES for the area?