Consulting a tax professional now can help structure ownership and financing efficiently, ensuring you take full advantage of deductions, depreciation, and potential tax-saving strategies like 1031 exchanges in the future.This post does not create a CPA-Client relationship.

Budget between 300K and 400K.Any areas that have the potential for a good cash flow?

This amount provides a reasonable safeguard against potential claims if something goes wrong, like an accident or damage to the property caused by the tenant. 

Raising up to your full potential as a father, husband, and provider will serve those around youJim Rohn says it this way when he asks the question, “How tall does a tree grow?”

The "land basis" cannot be depreciated, so your depreciable portion will be lower than $350k.We typically consider $1 million in building basis as a rule of thumb where it makes sense to evaluate the potential benefits.

I haven't thought as far ahead as looking at potential areas to buy property.

I focus solely on Detroit proper because, in my experience, the rent-to-price ratios, opportunities for value-add projects, and overall market potential are much stronger there.That said, Detroit is a nuanced market.

It’s unnecessary and potentially problematic to add the ex-partner to the title before the sale.

I recently came across a property near the international airport that seems to have good cash flow potential.

Be sure you to have offer for potential homesellers to raise their hand... like a Home Seller's Guide.Call expired and ask them how come they think their house didn't sell and listen to what they say.