By candlelight I conjure scripts,Dispatching offers from my lips.A mind of steel assists my pen,Sending missives now and then.Creating letters swift and sure,What practice do I thus procure?"

Hi Jazmin - While TurboTax can handle basic rental income, a CPA would add insight, especially for a first-time rental with mixed uses like yours and even explore tax strategies tailored specific to you.

Fortunately for me their lease was ending soon and I have already notified them through a letter sent through USPS and later through FedEx.

They have a mix of solid rental demand and still offer relatively affordable entry points.FWIW, those aren't areas I specifically invest in today but they will give you some anchors and are examples of strong neighborhoods.As for schools, it’s true they can be a challenge in a lot of Detroit.

It’s likely that some contractors will offer a sign-off service for a fee, allowing flippers to comply with the letter of the law without significant extra labor costs.

If you search here for Do Hard Money, their previous name, you'll get a thousand hits.The consensus reads mostly negative to mixed at best.

Once you've built up some reserves or feel like you're in a good spot, you could switch gears to MTR, especially since you're so close to a hospital.And later on, you might even mix it up between MTR and short-term rentals (STR), depending on demand.

With over 15 years in the industry, I’ve had the opportunity to work on a range of projects, from residential redevelopments to mixed-use acquisitions across Texas.Today, I noticed some news about the ongoing expansion of Tesla’s gigafactory (https://www.bizjournals.com/austin/news/2024/10/28/tesla-gig...) here in Austin—an impressive 10 million square feet!

You will have a pipeline.If you cannot do 5000 letters a month, do what you can whether its 3000 or 2000.When you're doing a small volume of mailers like 2000, I would make sure your list is actually big enough.   

You can get rid of them as long as you follow the letter of lease/state law..