Typical cost for the setup would be in the $15,000 range which would include production of the Private Placement Memorandum, Subscription Agreement, and Operating Agreement, Investor Qualification Forms, as well as filing Form D with the SEC, and state “Blue Sky” filings in those states where your investors reside. 

I won't say how many offers we make on properties for ourselves or clients in a typical week. 

These typically include services like renters insurance, HVAC filter delivery, pest control, and sometimes utility management.

We typically do 4-5 years interest only while paying down the principle balances over time.

You typically want to include those utilities because if unpaid they become liens against your property.

The tenant was unable to fulfill their obligations.

@Mattin Hosh first, most cities in Metro Detroit have some type of rental property inspection every 2-3 years.It's not really a big deal 99% of the time - especially for owners who are NOT slumlords:)Also, a quick Google search will show that several states/cities are passing/considering similar legislation.One of the biggest mistakes we see newer investors making is NOT properly understanding Neighborhood/Property/Tenant Classes and naively assuming that any rental they buy will deliver Class A results.Read our copy & paste thoughts below and DM us if you'd like to dicuss more about the Detroit market:)-------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

No excuses for being unable to read or understand it.

Just curious, what is a typical LTV I can draw up to with a HELOC on primary and investment property? 

Do you typically take your insurance estimate, then multiply it by 3, and use that as an expense?