They’ll handle setting up your legal entity and obtaining your EIN (Employer Identification Number).

This can be a city or neighborhood.We manage a lot of Class C properties in the City of Detroit, so previous evictions are common.We typically do NOT allow within the last 3 years and we want to see stable employment, income and no other major credit issues since.For Class B rental we're looking for no evictions in last 5 years.Class A, would be at least 7 years.Of course, there are exceptions to all of the above for extenuating circumstances the applicant is willing to provide acceptable documentation for.

Once you have the LLC and IRS Employer Identification Number you can open a business bank account to track rental income and expenses. 

It’s essential to consider factors like payment plans, projected infrastructure developments, and the track record of the developer to make informed decisions.The most successful investors are those who carefully analyse the potential of each project rather than being swept away by the allure of glossy marketing.

Keep in mind that you'll need to qualify full doc (DTI, employment history and income will all come into play) and the property typically needs to be titled to yur personal name, not an entity. 

Big companies expanding in the area means employment and a strong tenant pool and high occupancy rates.

Population is growing and the job market is strong (major employers developing like Intel, Amazon, Meta, etc.)

Ongoing construction projects valued between $26 billion and $30 billion fuel employment opportunities.

It's understandable that you're seeking to invest in real estate to secure your financial future.Background and Financial Situation:Given your circumstances of having $150k in cash from an inheritance, a credit score of 756, and a year of work history, you're in a relatively strong position to begin your real estate investment journey.Strategies Considerations:Out-of-State Investing:Investing in areas with lower property values and employing the BRRRR strategy can be a viable approach.

The city is experiencing rapid growth, leading to a high demand for housing and employment opportunities.