The Detroit area has a ton of opportunity and lower entry prices, even if it is 30-45 min from you. 

There are some additional things that could help determine which loan product is best for your situation.203k Best When:- Credit scores 680-720 or less- Renovation will improve the value of the home more than 75%- Renovations will be on or in the home - no new yard projects, only fixing existing- Higher Debt To Income (can get approval with up to 56.9% dti)HomeStyle Best When:- Purchase + Renovation costs will come in higher than FHA Limits- Home improvements will only improve vale 75% or less - 720+ credit or 20% down (of purchase price + reno cost) to avoid PMI- Exterior Projects (fence, hardscaping, pool, outdoor kitchen)- Lower Debt To Income (sometimes as high as 50%, many times between 45-50%)- Renovations that are greater than $35,000 (soon this will move up to $75,000)Happy to answer any other questions that you may have!

There are specific rules for 1031 exchanges including:The replacement property must be identified within 45 days of transferring the relinquished property.The replacement property must be received within 180 days after the transfer of the relinquished property or the due date of the taxpayer's tax return, whichever is earlier.Special rules apply for exchanges between related parties (defined in § 267(b) or 707(b)(1)).Real property located in the United States and real property located outside the United States are not considered property of like kind.Cost Segregation StudiesA Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

Part of the reason why I look for 4-5 bedroom places that need some work, that way I'm not competing with the everyday homebuyer looking for a 3/2.

I'm good with a portfolio being 25% to 45% LTV. 

Timelines and capital required are obviously higher when pouring larger foundations for a tower and craning modulars together on the site, but if you had a blue print/drawings in hand their timelines are as follows:6 weeks in the factory 1 week deliver Laydown site Shuttle to actual location where crane is Crain in 4-5 days3 months of finishingHope this is helpful!

The sink cut out is the same, the undermount sink/install is the same and the difference between $45 and $60-$75/sf surfaces is not significant.

They were investors doing side BP conventions before it was an official thing and when you have 30 to 45 minutes to speak it's just not a very long time.

I bought a condo as my 2, 3, 4, 5, 6, 7th investments.  

They sent a very professional slide pitch deck that showed all of their justifications around that specific market, e.g. employment market, housing shortage data, the new developments in the area, the air bnb data, etc. etc.They also stated the numbers were conservative (7 year to reach the target returns) and that likely it will be year 4-5.