Stay professional in all communication.

U have what we call in the wild a professional Tenant..

@Adam M.The cost for a real estate tax accountant will vary based on location, experience, education and other factors, just like any other professional.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

We are not real estate professionals.1) How would you handle the classification of the property in the 2023 tax year and would you utilize a STR depreciation strategy?

be sure to stick to your 70% rule for the flip, know your numbers. run everything conservatively. overbudget for time and costs but 15-20% Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Hey Kaleb, I have helped plenty of professionals from NY enter the Detroit market.

That said there are some nuances and requirements to property implement interest tracing so ensure you talk to your tax professional ahead of time and keep the funds movement as clean as possible. 

NYC DOB considers a shelter a 'community facility with sleeping quarters' and may require a special permit for this use.Thanks Abel, You provided me with the right search terms to dig deeper. 

How to patch Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?