Starting with "I am not a CPA", however it is my understanding that typically inheriting the property after passing is the best way to avoid taxes due to the grantees stepped up basis. 

It is a great market to enter so long as you understand not just all the pros but the risks as well. ensure you have a solid team on the ground and plan for the unexpected. 

It is a quick guide to understanding the landscape that is Detroit.

My inquiry was solely directed towards understanding the Airbnb algorithm, not delving into rental strategies.

It's my understanding that one has to run calculations as a first step.

It just so happens that none of the individual expenses exceeded the $2,500 rule even though the aggregate cost to construct a set of cabinets (example) may exceed this threshold.Since 1.263(a)-(f)(6) specifies intent rather than the end result (Unless you think (6)(i) would apply), since the intent of the taxpayer was not to manipulate this election for a tax benefit, my assumption is that they would be able to expense all of the items normally.Just looking for confirmation as I'm pretty confident my understanding of the regulation is correct.

The part-time Super would be happy to get significantly more hours, and we would all get someone reliable that we know & trust who understands basic plumbing, basic-electric, carpentry & painting to handle our tenants' needs as they come-up.

Please  understand just because you put it in a LLC I personal guarantee will be required.

I understand cashflow and making money will come in 7-10 years.my situation: I live in the Bay Area but housing is out of my price range.

As an investor who specializes in finding owners/heirs to highly distressed properties, I understand more than most the importance of quality data when it comes to getting more deals.