Hi Abhishek...Are you set on Detroit or are you open to other markets with a low barrier of entry, good job growth, good population growth, low property taxes, and a solid turnkey company with boots on the ground?

@Jake Brooks from our website, this is NOT a solicitation, only for information:A bad tenant can lead to thousands of dollars of losses via unpaid rents, legal fees and property damages.

., the buyer-broker fee. 

Think about your taxes on Form 1065, specifically how your K-1s will look in the future.

While there are many advantages like low property taxes, landlord friendly, strong appreciation it's not going to be as cheap as the Midwest and have the cash flow with 25% down.

Or, from another perspective, generally the longer the track record of positive returns, the more fees that operator charges.  

Long term strategy is to hold until it makes sense to sell, and that might be after only 2 years so I can reap the benefits without getting killed in taxes.

Long term strategy is to hold until it makes sense to sell, and that might be after only 2 years so I can reap the benefits without getting killed in taxes.

I will be using retirement funds and for that reason in order to defer taxes.

.  The first infection was a long time ago and I don’t remember the exact attorneys fees, but I believe it was an excess of $5000.