This day in age just a simple phone number exchange is how I do business. 

Quote from @Jimmy Rojas: Through loopholes there are many home owners that are illegal immigrants, if they get deported , what will happen to their homes? 

Gain is sales price less cost to sell less adjusted basis.Adjusted basis is original purchase price plus improvements minus accumulated depreciation.

@Casey Wilson welcome to Detroit!

Appraisals are backed up and on the right timeline of investor deals, every day counts when you need toBeef up the appraised ARV to get a healthier LTV.Hope this helps!

And will you be utilizing property management firms to help out? 

build to rent is great. they are an intermediary that help investors contract direct with turn key new build. they are pretty sophisticated we have sold a house so far and we are looking to sell other multifamily with them. there is a vetting process and as an intermediary they don't control construction they help vet builders and establish relationships. they have a big team. the other builder I've never heard of but unless you can see your house I wouldn't touch it. rent to retirement has a strict policy of 90 days until certificate of occupancy until they will send a deal out they are good at what they do and I'd recommend them. they have options all over the country and established relationships.

A little about me: i’m new to the real estate world and eager to learn everything I can to build a successful investing journey.

At the end of the day, cash flow was similar because I now had mortgage payments. 

I did the partnership for the same reason investors do them today.