For recent purchases: less than 3 years, you probably have to grow with them and think about how can you maximize returns: maybe ADUs, or Coin-laundry or e-pay, renting space on the property for storage, air b and b or mid term rentals, splitting the lots, Tic sales etc... or value add to increase appreciation faster!! 

Smaller renovated Lakewood two families (less than 2000 sq ft) can be bought under $200K (sometimes under $175K) but rents potential much lower (e g $900 vs $1200 a unit)Clifton Edgewater (west of West Blvd, north of Detroit) and Kamms (area just south of Lakewood) along with Lakewood have always been strong areas and are priced at/near Lakewood (and to some extent share the same tenant base).  

I am co-owner of Triple E Real Estate & Property Management.

Are you reporting it on Schedule E or C? 

The EPA has published new lead paint standards. https://www.healthday.com/health-news/environmental-health/e...All five of my rentals were built well before the end of the lead paint era.

Which would make the LLC disregarded and the property would go on your individual tax return on Schedule E.

Deal is ready to close Escrow contacts lender for funding and then the excuses start and or they just ghost them.Once caught basically all websites are taken down phone numbers e mails killed etc etc..

But good chance you could stay in the conventional lane because you can use sched E income after one year.  

@Pat McQuillan have you reviewed IRS form Schedule E?

Some agents don't even show up they have the appraiser use the E-KEY.If you have any questions reach out, I'm happy to help!