It is very simple and cheaper to set up the LLC in NJ vs NY ($50 vs $200 when going on the state website) what is still an open question is I also need an operating agreement for the LLC once set up, wondering if that is also free as part of just getting the LLC set up on the state website or if I need to use a lawyer or a legalzoom type of service to do that.

Third party servicing company for $35/mo handle taxes, insurance, escrow, tax forms, statements etc.

There is usually extra charges on closing to pay for that service… but it is minimal.All the best!

Please feel free to reach out if I can be of service.

My biggest challenge right now is finding a property management company that offers rent-by-the-room leasing services.

@Pavan K. it could definitely benefit you in 2024 if that's when it was placed in-service.

I wrote to BP customer service and they confirmed that the app doesn’t exist any longer.

Multifamily rentals are a great way to achieve financial freedom, and it sounds like you’re on the right path.My advice?

There are plenty of such service providers available, though they typically charge 10-20% of the gross rent.

With ongoing improvements to public services, transportation, and commercial developments, Detroit is positioning itself as a thriving urban hub—making it a prime location for real estate investment!