Unless you have heavy overhead and 1000+ LOs this is the most cost effective option 5.

Detroit requires strong local relationships to navigate things like neighborhood nuances and property management effectively.

On the other hand, self-education through books, podcasts, and free resources is cost-effective but requires discipline and a clear plan.

https://logicalpm.com/new-michigan-section-8-laws-what-can-l...As the article points out, these sorts of laws often result in the opposite of the intended effect! 

These are people whose full time job is to effectively manage the assets on behalf of the investors. 

In the burbs this is less of a factor, in the confines of the city it’s a surprisingly effective rule of thumb

This strategy can be particularly effective for investors like yourself looking to manage and expand their holdings efficiently.

Most STR markets have seasonality, and there are untold issues in the future that will effect cashflow. 

However, the most effective method is to simply tell the tenant that they'll need to provide proof of insurance prior to or on the day 1 of the start of the lease, otherwise the keys will not be provided to them.

I want to know is it more cost effective or easier to purchase the property alone and put it in a mortgage in our name or purchase the LLC from him that holds the property within it.