I had access to a legal and compliance team to assist in doing such, as well as my background in contract law.

This is where the true opportunities are.Detroit, starting with Downtown is experiencing a massive redevelopment, at this point its no longer a secret. 

I've also held of holding properties in individual LLCs that are owned by one S corporation, which allows for a 60 / 40 split between ordinary income (regular tax) and dividends (capital gains tax rate).With the goal of minimizing taxation and liability protection, what would be the recommendation from more experienced people here?

Always research local regulations before investing.The Importance of a Local Investment TeamA knowledgeable local team is essential for success.

Each deal comes with a different set of surprises even for the most experienced operators.Take your time and don't rush it. 

Hi @Jaycee GreeneThe renno is expected to take 6 months - 12 months (we have a very good team in place).

I manage properties remotely and can handle all the leasing/management pretty easily with my team.

I worked in property management in a apartment complex and our maintenance team switched out the locks every time a tenant moved out. 

@Somesh MukherjeeI would be happy to connect to talk about Cleveland, having a great team in place is going to be the pillars to your success.

These names frequently come up in investor circles because of their reliability.Speak Directly to Their Team: Legitimate lenders will have knowledgeable representatives willing to explain their loan products and processes in detail.