A 1031 exchange allows you to defer taxes by exchanging real property held for productive use in a trade or business or for investment for other real property of like kind, which is also to be held for similar purposes.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

Then you could use a DSCR product to cash out refinance into a 30-year mortgage.3.

I sent him a list of my questions ahead of time which really seemed productive to me.

It is just a farmer's market for real estate products. 

And as I explained earlier, your investment is protected by real property, so your risk is extremely low. 

Rentals are extremely difficult to make pencil right now but would only personally consider higher end projects because the costs are far easier to absorb than trying to build in lower value neighborhoods.

Also, I'm not familiar with their 2-year "teaser" product.

In my experience that either means there is something prohibitive in the zoning, or there simply is not much demand for that sort of product if most people either go with an apartment in a large complex or rent a SFR.

The extremely low property tax rate allows for a lower operating expense and higher cash flow.Both of these states are landlord friendly too!