It’s also easier to attract investors because they know their risks are limited to what they put into the LLC.Finally, managing the property becomes simpler under an LLC.

I’ve heard that Eddie provides his students with attractively priced partially pre-vetted note opportunities, advice and access to his relationships.  

However, if it's truly one of those communities that has very high crime and difficult to attract any descent tenants, it can lead to disaster.

My day job industry (Solar) has attracted some interesting characters over the years so I'm no stranger to the effect a few bad apples can have.

@Bill HaleyHad a meeting this past week with some individuals who raise some serious $ and discussing what works and does not work in an offering and one of the things these people were saying is real estate offerings using crypto and blockchain / tokenization is not attracting many HNW individuals.

Regarding the new construction, often this attracts more homeowners.

I think that the tax perks from having a rental make this more attractive than it might initially seem, but I have only done some quick internet searches, so I could very well be overestimating the upside and underestimating the downside??

Consider saving the 40-60k and maybe just spend a little extra on cozying up the place and making it more attractive. 

The property surrounded by a number of restaurants, and attractions.

I will look at a few factors, rent for area, total mortgage payment with property taxes( which can be crazy in Detroit), investment in neighborhood, I like looking into places where they are building homes and apartments that attract young professionals or families , and also looking at potential to make a single family home into a duplex or something can add an adu or transform a basement to a studio apartment!