@Christian Fregoso @Mordy Chaimovitz apologies for the delay.

@Christian Anouge II I would hope that your friend isn't just interested in a commission but I would certainly ask him why he thinks it's a good idea as long as it has any positive cash flow.

Because of its location with-in the city of Belton (great school district and private christian university), I had 3 separate families with comparable applications trying to "out-bit" each other for this house; increasing my original rent price from $1075.

@Christian Nachtrieb It's $160 per unit for the year.

@Christian Gabriel Best things to do is to reach out to buyers around that area so that you can get their numbers of rehab and what the property is worth.

Maybe @Christian Bors can offer suggestions ...

My buddies, Christian & Cody, have an educational platform on the subject. 

As @Christian Hutchinson said, if you are going to purchase I would make sure your security is top-notch and be prepared to market to Section 8 for now.

@Christian Hutchinson I spent a lot of time this summer learning about Detroit and came to the same conclusions you laid out.

You'll have to decide which attorneys to believe, as they disagree with one another.One extremely important point was brought up by @Christian Block: in your state, forming a husband-wife LLC will force you to file a partnership tax return, separate from your personal tax return.