We send our clients  a comprehensive list of what we see COULD be fixed, as we have no idea how each owner will want to maintain their property(s). 

Squatters can now be locked out of a property and their possessions removed, but a landlord CANNOT physically remove the squatters themselves.The local police are supposed to enforce these laws and assist landlords in removing squatters.The reality is that when you call the Detroit Police to remove squatters:1) The police often don’t know/care about squatter laws and state you must take the squatters to court to evict them.

Alternatively, once you have a full time job (or an employment contract), you should be able to qualify for a loan and utilize a Down Payment Assistance program.

Regarding a 1031 exchange, while the property was rented and treated as an investment property during your deployment, if you maintained it as your primary residence for tax purposes, it may complicate eligibility.

Maintaining a financial track record for your project is facilitated by effective budgeting.3.

If you ever need help, I’m happy to assist!

If you need assistance with such an acquisition please reach out to me.  

I intentionally minimize my cash flow (try to maintain high LTV, use accelerated depreciation to our advantage, etc) because it gets taxed annually.  

I will not comment as to the tax laws and underlying rules - that is a discussion you can have with your tax advisor who presumably you are paying to help you.What I will do is provide practical and business guidance on tracking time.Firstly, there are apps available that can assist with time tracking where you can specifically detail your time, who you met with, etc.

If you don’t have a large down payment saved up, don’t worry—there are plenty of options available . . .”A trusted lender will go over the various loan types with you, any down payment requirements on those, and down payment assistance programs you may qualify for.