Thankyou @Paul Azad, the relationship between Monday and RSN was described as a joint venture, meaning both groups would be responsible, and actively involved, in asset management and decision making.  

Unless you do that, I would not use the LLC for any activity on this property.

I currently live and invest in the area and know my market but many of out of state investors get taken advantage of if there don't play an active role Detroit.

It's not a get rich quick scheme, it's a lot of active work and I would have 5 yrs in my head at a minimum before you truly become established and stabilized. 

The owner needs to know you are solid, a good bet.

What I can share is that the risk-reward will not be worth it as a 'newbie' due to your limited capital and inability to actively manage your properties. 

We learned a lot about project based Section8 buildings, but are now actively pursing more projects like this.

It's great to hear from someone active in the Rochester market.

In my opinion, that is a riskier bet because you have to have a big pile of cash for contingencies.  

I'm personally licensed in 14 states and actively working on 8 more.