The seller and their agent hopefully did a good job communicating with that tenant to set expectations.

Since you are in a non CM state, You are EACH considered a member. 

Quote from @Evan Polaski: @Chris Seveney, I hadn't looked at any details on this offering into now.Things to consider from their own marketing:Operating partner has done all of 10 flips.Their entry price point is a price that I would expect any truly experienced flipper to be able to take down very easily on their ownTheir historic IRR, while high by MF standards, is average, at best, from my experience with flips, and it is unknown if this is net to LP returns.I have flipped homes myself, so am not their target investor.  

I am considering converting to a long term rental but thought that mid term might also be a good approach as well considering the home is fully furnished.

And, just maybe you’ve purchased at a point where Detroit has hit its low, bottomed out, and is set to reverse trend and grow.  

Determine Your BudgetSet a Realistic Budget: Consider the cost of tuition, living expenses, and your financial situation.Mortgage vs.

Yes, House Hacking seems like the most ideal option when considering my first investment (open to other forms of ownership, such as live-in flips as well).

If you're considering purchasing under a business name, consult a CPA or attorney for setup and financing options.

If not, they may consider building the ADU and down-sizing into it and renting out the main house.

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