Real estate is basically an income producing and or capital gain producing investment.  

Let them do the follow up and paperwork and maybe lead cleanup, but you do the dialing and talking yourself for much better results.

The city’s diverse workforce, combined with new developments and infrastructure projects, ensures that there is a consistent pool of renters, which can result in reliable cash flow for property owners.Finally, the Detroit real estate market is supported by numerous incentives for investors.

This could result in a bad tenant and thousands of dollars lost via eviction.It's better to have a vacancy than a bad tenant.

When pulling the credit report one of the individuals has a high debt to equity ratio (50 %) My fear is what if this High DTI and credit usuage could result in one of the parties defaulting on future rent.

If you have ever learned something important by trial and error, then you can probably understand the frustration that you feel when you make a "rookie mistake" or a simple error that creates a big negative result.

Another option that requires more legwork is to call the servicer/ producer of the inverter.

My research has resulting in understanding that REP status can be used to take losses in STR property against other active/non-passive income (such as w2), however there is a qualification of material participation. 

Past performance is not an indication of future results.

Additionally it can often results in multiple additional tax filing requirements riving their tax filing costs up unexpectedly.