Hi Maryam.If you are still interested in creating Section 8 rental in Detroit we can help.

BRRRR's aren't found, they're negotiated and created.

Though usually, it depends on the investor and their individual goals.

Does creating an LLC for managing the first investment property will be favorable for me as far as getting approved by a lender for a comercial loan investment 5+ units?

The asset protection benefit is that I can utilize Special Allocation strategies whereby, I, as a natural personal individual, would own less than 10% of this new Partnership/LLC and my SMLLC would own the remainder 90% thus the majority tax responsibility would flow through to the SMLLC.Any thoughts from the professionals of BP is greatly appreciated!

@Steve SmithLots of options with legacy planning I would recommend working with your advisors to create a detailed plan to make sure you are accomplishing your goals in the most effective way.  

However, multifamily properties may offer more considerable long-term rewards if you're ready to take on the challenges of maintaining numerous units and are interested in gradually creating a larger revenue stream.The optimal decision ultimately comes down to your own investment objectives, risk tolerance, managerial skills, and the particular market dynamics of the regions you're thinking about.

If it passes I would probably slowly exit the Virginia counties that create the "anti-rent gouging boards" and look to buy in states that are less hostile to landlords.We already have decided to not buy any more property in Henrico county due to their legislature.

*This post does not create a CPA-client relationship.

Once you're ready, create a goal (e.g.