Please feel free to reach out and discuss your situation and see if this may be a good fit for you and your family. 

If you have any more questions, I'd be happy to go through more so feel free to DM me.

Selling now could free up your equity, giving you the option to diversify into other investments or markets that align better with your new life on the East Coast.

I’m trying to familiarize myself with the area more thoroughly.it seems to have a stable increase in prices.Since I plan to live in the property initially, breaking even in the first year is my main goal. (5% down; PMI removed with renovation)However, I’m also wondering if it’s feasible to have some cash flow from such rentals, or if the risk of vacancy is high in this market.Any guidance or pointers from those experienced in this area would be greatly appreciated!

If you have any questions or wish to know more about the financing process, feel free to reach out.

@Kevin Duke Since Subject A’s $6M net worth is below the federal estate tax exemption ($13.61M in 2024) and Florida has no estate or inheritance tax, Subject B can inherit the property tax-free with a step-up in basis to the fair market value at the time of death, eliminating capital gains tax if sold immediately.To avoid probate, Subject A can use a Lady Bird Deed (Enhanced Life Estate Deed) or a Transfer on Death (TOD) Deed, which allows automatic transfer to Subject B while retaining full control during their lifetime.

If you have questions about getting started in Detroit, post your comments below, or feel free to send me a DM!

Through my experience, I’ve cultivated a conservative approach that balances opportunity with risk management that I apply to every deal that crosses my desk.

Why ask: Learning how your mentor handled failures or setbacks will help you gain perspective on the full spectrum of risks and challenges in the field.

And if there is anyone in the Salt Lake Valley who is willing discuss further, please feel free to reach out.