For several reasons (property taxes, politics), I would prefer to begin real estate investing somewhere other than locally. 

So, you can do a land contract for 12 months, which should allow lender to credit you full value of the land vs the purchase price, but the loan will pay off the land contract, so the lender maintains first lien position.Can't help you with the rest of your question, but you should be able to search for "CPA" here on BP to find experts to reach out to.

The only thing that spreads faster than a wildfire in a 100mph wind is everyone's "expert" opinion. 

Are you looking for guide and advise of an expert on the market or a pass through agen?

If you're interested in connecting with local investors or discussing multifamily investments, feel free to let me know.

Quote from @Casey Wilson: Hi there, I was wondering if any Detroit-metro experts from the PB community could offer advice on what areas in the Detroit-metro area might be worth exploring for rental properties (ranging from single family homes to 5+ unit apartment complexes).

@Jason Khoury I purchased my current residence, a duplex, from a local non-profit about 5 years ago.

Do you have live meetings to ask questions to experts?

Most realtors are not experts in investing and do not themselves invest.

By understanding the costs you may encounter upfront, you can take control of the process.Here are just a few things experts say you should be thinking about as you plan ahead.1.