Hi Jazmin - While TurboTax can handle basic rental income, a CPA would add insight, especially for a first-time rental with mixed uses like yours and even explore tax strategies tailored specific to you.

Hello,If an empty lot that is zoned for mix use.

They have a mix of solid rental demand and still offer relatively affordable entry points.FWIW, those aren't areas I specifically invest in today but they will give you some anchors and are examples of strong neighborhoods.As for schools, it’s true they can be a challenge in a lot of Detroit.

Once you've built up some reserves or feel like you're in a good spot, you could switch gears to MTR, especially since you're so close to a hospital.And later on, you might even mix it up between MTR and short-term rentals (STR), depending on demand.

If you search here for Do Hard Money, their previous name, you'll get a thousand hits.The consensus reads mostly negative to mixed at best.

They don't have the ability to remain afloat due to a mix of mockery of the system(saying its all good) and being significantly more resilient(a good thing) than those other countries. 

With over 15 years in the industry, I’ve had the opportunity to work on a range of projects, from residential redevelopments to mixed-use acquisitions across Texas.Today, I noticed some news about the ongoing expansion of Tesla’s gigafactory (https://www.bizjournals.com/austin/news/2024/10/28/tesla-gig...) here in Austin—an impressive 10 million square feet!

It was a planned office building and mixed use development.

Better unit mix (I know the total rents would be lower but for resale)2.

It is hard to sell a property when you have such a good rate and it is possible that it could cash flow done correctly.You sound like you might be interested in commercial mixed use, it's one of my favorite asset classes out there because it's diversified in and of itself.