Transparency is key—being honest will help you avoid unnecessary stress and ensure peace of mind.

Budget these carefully into your overall project plan to avoid surprises.Rehab Budget: Ensure that bids are received from multiple contractors and that adequate reserves are made for cost overruns.ARV: Be conservative on your ARV since the appraisal concerns one person’s opinion.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

Personal usage will negate the losses from the cost seg in the first year, so we suggest avoiding it.

That's how you gain the information you need to AVOID MISTAKES. 

That said, Detroit is very much a block-by-block city, so local knowledge is critical to avoid issues.If you’re serious about learning more, feel free to send me a DM.

Hopefully you have a Checkbook IRA to avoid the red tape and fees of going through the custodian for each transaction.

.- If you chose to set up your LLC as a pass-thru entity, then you will need to supply your SSN.FYI - to avoid getting nasty letters from the IRS about errors (which might cause us to be audited), we will ask for a copy of your EIN assignment letter or a copy of your SSN card to confirm those numbers.

It's also easier to figure out all of the pro's and con's a head of time to avoid lost time and money.  

It avoids having to pay the capital gains and lets the property keep appreciating while you still own it and reap those future rewards and more cash-flow from the property in the meantime.