You might benefit from having a co-host to handle the reservations, guest communication, etc. but your onsite, long term PM can handle maintenance requests and other work that requires onsite management

@Elisa Lisa p - Ok, then you might want to think about not buying a co-opYou should ask yourself why you're uncomfortable? 

@Danny Van you can also attend Oakland REIA and MREI, both held monthly in Troy.Regarding what to do, first you'll need to call the City and get their rental application to fill out, pay the fee, submit and schedule the inspection.It's mostly a health & safety inspection: smoke detectors, a CO detector near furnace, handrails, GFCI's. etc.WARNING: Warren doesn't really like landlords, so they can be picky about previous work done without permits - even if it was done before you bought the property!

im purchasing a co-op that needs rehab.. im purchasing the property with a cash offer..

He may require you to get a structural engineer into the project (or maybe not), but he should at least be able to tell you what you need to do to eventually pass a CO inspection.

I want to see them putting their own capital, earned from stuff outside of the acquisition fee (sometimes, sponsors will buy $100M in real estate, earn a $2.5M acquisition fee, "invest" this acquisition fee alongside LPs, and claim that this is a co-investment.

I would get in some local Facebook groups and see about finding a co-host that can help you with it all.

As a beginner, you can learn a lot from your uncle with a few rentals in another state or a co-worker who's on their second house hack.

As a beginner, you can learn a lot from your uncle with a few rentals in another state or a co-worker who's on their second house hack.

You could add the commercial entity as a co-tenant.