Major grin - Yup!

I am only tied to GR in that I wish to keep living here, other than that i travel the entire west side of Michigan for my work now. 

If there's Cash-Flow at that level, then it's rare that by COE you end up with a red-ink monster.Factually, I've run a 6-plex at ~35% for years with self management, so these 'so called rules' are not etched in stone :grin:

It represents itself :grin:

The house is in North West GR in Kent County (for those of you who asked). 

Grin and bear it!

However, all of those things, including the property should be depreciated properly.If all of this sounds like a foreign language to you, that's just one more reason to hire a knowledgeable local CPA (grin).

I don't have anything on a business card (don't even have a business card right now), but I would consider myself an entrepreneur.In fact, my 'elevator speech' is that I'm a homewrecker - that makes people stare at me, grin a little, wondering if I'm joking and then they go off on my floor to hear what exactly I mean ;-).When you do major rehab, you have to demo first (wreck), before you can do rehab.

I try to be strategic about my purchases there, first drilling down for cashflow and then taking a step back to see if I can put myself "in the path of potential future appreciation" as I like to say.It's worked phenomenally well for me and I'll continue investing in Detroit until the masses are beating the drum on the city.I did choose market high but 1) I indicated there was better timing possible (I did not explicitly state i was using market high but I believe it was clear to most readers) 2) there are very few markets that have not recovered from the Great Recession and have current RE values lower than prior to the GR in inflation adjusted value.  

Your intro made me grin.