If we purchase this year, would accelerated depreciation apply only to the remaining part of the year or for the entire year?

If it's not located in an appropriately zoned area, you would need to apply for a "special use permit" and they are difficult to get.

Micheal for deep dive into staying safe in Detroit.Lastly Detroit like many other markets the prices and returns are directly correlated to the RISK of losing your money.. you go for the very highest returns your taking huge risks being out of country. 

About money market of 5.3%, that percentage will change as interest rate lowers so that number won't apply for 13.3 or 45.5 years.

The problem with these is if a tenant charges back they do not fight the chargeback they just take your funds and return them to the tenant.You can ask the tenant for a wage assignment or to put you on their company's direct deposit.

Its funny how the same principals /adages for choosing real estate investment are the same for public markets, but applied nearly opposite...

So what we did was we’d direct Lo Ball Ho to a property that was over priced where we wanted to “shock” the seller into (hopefully) getting a grip on reality.

Thought that I would be able to get a more direct answer if I asked here.

By contrast, secondary markets and deals with a restrained mark-to-market opportunity can see pricing in the 5% to 6% band, as investors in these markets are less willing to apply negative leverage beyond the first couple of years.

Because this will be my first Multifamily as well as my first time being a landlord , I'm very much in love with the idea of very low CAP Ex Repairs needed in the first 5 years, the tenant quality applying to a new build unit in a new community, Just a much nicer and newer product for the money .