Hi John-Thanks for sharing this list of Top 10 Real Estate Markets for Cash Flow in 2024.I too found it interesting to see Flint, MI on the list but as a graduate of the University of Michigan-Flint and Mott Community College in Flint and I am back there often enough to say Flint has done a lot to develop itself and a lot of money has been poured into Flint after the water crisis.I say good for Flint.

Schedule a time to visit the rental and do a walk-through to ensure it is safe (no running water, temp adjusted, trash hauled out, etc.) and secure.

There is also an $800 water lien against one of the properties.

I'm looking at basic homes with lvp floors, granite countertops, standard fixtures, nothing luxury. 

There is a difference between Wind or Water Damages.

There's no mention here of material participation and if their income isn't fairly high, there are probably better strategies and it might be a greater benefit to them to spread that depreciation out over a standard schedule.

Closing costs are comparable to a standard conventional loan. 

This has put a cut on our cashflow and we have had some major expenses, like a new roof,  water heater, bathroom remodel, and kitchen remodel all done at the 3 bed house.

You just have to be consistent and apply the same standards to everyone. 

To comply with local standards and protect tenants' privacy, make sure the flats have separate entrances, kitchens, and utilities.