Most people with lots of money have a higher chance of being audited anyway.4) The government does not hate bitcoin, it has been adopting a wait and see approach but I encourage you to read actual government statements like the one released today by the SEC chief on ICOs.

I appreciate the structured approach you've outlined for getting started in real estate investing.

But Mendenhall told Woods that the company has had to retool its approach to acquisitions since then in response to pandemic-era freezes on sheriff’s sales.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Based on my experience managing a significant number of rentals, leasing back to a seller can work, but it’s essential to approach it carefully.Lease Start Date:The lease should be signed at closing and start on the same day—Monday in your case.

So same thing, if they approach you, make it seem like there is a little bit of a chase, but in the same convo say "Well maybe, yea" so that they feel like it's a conquest to get the house. 

Each approach with its own pros and cons to consider.Bottom line, we have to decide for ourselves if we want real estate as a part of our overall portfolio, and in what capacity. 

That said, Detroit is very much a block-by-block market, so understanding the dynamics of specific areas is critical.For professional investors (and even newer ones), Detroit’s future is bright if you approach it with the right strategy, solid due diligence, and an understanding of the challenges.

Financing Options: With 20K, how should I approach financing?

Be professional, but also authentic and approachable.