Personally, I put my money into stocks and also I lend money for flips mainly in the central Florida area.

@Randy Person, is there an urgency to close this deal quickly?

Would it be under the business tax id number which would be brand new (so no history yet) or would it be through me personally through my own credit report/history?

And then 1M umbrella policy for $600 a year.Then he says the umbrella is strictly for my company and he can get me one personally..Am I really going to have to get 3 policies?

Overall, speaking from personal experience, Detroit makes for great market to enter, as there are a lot of things going for it at the moment.

Quote from @Nathan Farkash: Why not buy it in your personal name and hold it in your personal name?

This would give you an opportunity to rent to the same person(s) for a few years.

I do allow TVs to be mounted to the wall and just have the anchor holes filled in when they move out It really is just a personal preference and what you want to allow in your units.

I've seen up to 85% LTC for an experienced builder who has done personal projects.

If a room has their own bathroom, obviously that would not be part of the cleaner's responsibility as they would not be entering any of the private spaces.Renting by the room will get you more money, but will also require more work on your part as there will be personality clashes (do not get involved in those).