Two views of ownership; owning the equity,  owning the debt. 

Additionally, it provides investors with the opportunity to add a unit on a property they already own, simplifying management since the new unit is in the same location.Finding a vacant lot is both expensive and difficult, so the ability to build, subdivide, and create new development opportunities can make financing easier.

However, if your business owns real estate, that portion of the sale may qualify for a 1031 exchange, allowing you to defer capital gains taxes by reinvesting in another like-kind property.

Leverage your way to wealth with as little of your own money into it.

She owns and sells tons of STR's there. 

Does anyone own rental properties in Detroit?

wouldn't bring this one to a partner or anything just satisfying my own desire to get a foothold in a place i like to be.  

Then you own the LLC and can transfer the property into it.If you transfer the property into that LLC the way it is then technically you just gave your friend ownership of the house proportional to his ownership of the LLC.I'm not an attorney, so take that with a grain of salt.

I currently own a two-family home with my girlfriend, but I plan to refinance in 2025 and start fresh with a focused expansion strategy.

I’ve owned different residential homes in California, both sold off market and for over asking.