I used to live in the city and the taxes and water bills are nightmares.

I help investors optimize their financial strategy by implementing the Infinite Banking Concept (IBC), finding the best insurance for their properties and cars, and connecting them with legal experts for living trust creation.

I forgot to mention another sales tactic is to tell people at the three day class you can charge your investors the 40k tuition.

In this case, you can use Rental Income from the units that you will not be living in and that income can count to help you qualify.FHA rates are going to be lower than conventional for you almost always, but FHA does have a 1.75% funding fee. 

We haven't lived in the townhouse in the last 2/5 years so we would get hit with full capital gains.

REPS does not relate to STR's.For short-term rentals (STRs) with an average rental period of seven days or less, you don’t need REP status to offset losses against other income.

We live, office, and Property Manage in Queen Creek and love it!

Quote from @Ashish Acharya: Looking ahead to 2024 and beyond, you can treat it as an STR if the average stay is still under 7 days.

I GUESS you could say that has to be factored in to today’s value.

Detroit is a great city to invest in one just has to be aware that is is a block by block city and to be careful