Pretty sure it works in reverse also - set up a Michigan LLC for the property above and you'll have to register it in your state of residency. 

Learn to set boundaries and enforce them.

Great reminder, thank you for sharing.

Starting with three T-12s from properties of a similar size and market is a fantastic strategy, and I’ll definitely take your suggestion of setting aside time to really dig into the details.Thank you for the encouragement and practical tips—it’s advice I’ll take to heart as I move forward.

All super helpful - and a good reminder to lean into the context of my local market.

Friendly reminder to anyone else reading to carefully review your PMA before you sign it and before you decide to change property management companies.  

It is also possible that either the folks in charge of the station, or the prosecutor have set a policy of not wanting to pursue non violent crimes, or even not paying attention to crimes against folks who are not local residents. 

If you don't foresee any major obstacles to qualification, I'd be happy to set up a viewing for you.

I love how you emphasize starting early and building relationships; it’s a reminder that trust and credibility don’t happen overnight. 

I would only add these two: FIRST - people constantly ask which algorithm to use to get their prices set.