Ask for a "Pre-Underwrite" this is where the bank underwrites the file and give you a "Loan Commitment" instead of a generic "Pre-approval" letter.

For those managing active income streams—like wholesaling, flipping, or even running a real estate business—filing as an S-Corp can significantly reduce self-employment taxes.

I am honestly quite curious about what your process would be...I would assume you need to file some paperwork with the county. 

A property qualifies as Homestead for this exemption if an eligible owner files a Principal Residence Exemption (PRE): https://www.michigan.gov/taxes/0,4676,7-238-43535_43539-210891--,00.html#:~:text=Section%20211.7cc%20and%20211.7,purposes%20up%20to%2018%20mills.Many investors have gotten an ugly surprise when they bought a property that was a primary residence of the seller for the last 20 years.

This is important because these are generally the property owners with standing to file an appeal if they are not satisfied with the plans which can become a drawn out and expensive process.  

You can do cost seg in 2025 before filing your tax return, and your apply for your 2024.This post does not create a CPA-Client relationship.

It also isn't enough proof for a judge in small claims court, if you decided to file on the guest there - you'll need your own rental agreement.

Right now the majority of viewing requests I am getting are from potential tenants that have credit issues and eviction filings.   

And, you need to cure your liability (you cannot use a city easement without obtaining a Grant of Easement from the city - a legal document to be filed with the Clerk of Court).You've done everything you can to mitigate the damage to your home and I applaud you for it.

If the property was involved in a bk it was put into an estate for the entity who filed.