Being in this circle was fun as I was privy to some off-market bottles.

As 2024 progresses, the multifamily market is showing signs of recovery.

How about marketing the property ?

That right there will set someone apart in the Detroit market, sadly.I can't speak to his PM business from a firsthand perspective as I've never had him manage any of my properties (I still self-manage). 

Not going to lie, Dan really got me rethinking this plan...Currently researching multi-families in other markets now. 

@Derek Tuohy If you inherit the property as the sole owner, you'll receive a step-up in basis to the property's market value at the time of your mom's death, which would minimize capital gains taxes if you decide to sell.

I would use the standard realtor lease form in your area and then look up common extra conditions landlords are using now.

Hey BP community I want to give my opinion of what out-of-state real estate investing looks like to me:Out-of-state real estate investing offers the chance to diversify your portfolio and tap into high-growth markets.

Tenant basically said they would agree to current market rate if landlord pays the new commission, or at a lower rate they would cover the commission.  

I'm always on the lookout for new deals and strategies, and lately, I've been focusing on off-market groups for flips.