The MLS price is always higher than the auction price because the auction price is first bid and there is a reserve in place.Online auctions are notorious for ghost bidding to get the price up which is why you see them come back online again and again.What do you think you are gaining by "using" Auction.com?

Read the book.

You need to know for sure.Even if you raise the rents, the property is still a negative cash flow, so it doesn't make sense.There are always comps.

In 2021, I successfully launched an Airbnb, thanks in large part to the amazing advice and support I received from this community.

@Caleb Johnson one of the reasons the City of Detroit is like the "wild west"!"

If the lease is at market rents and the unit is in great shape, it could be attractive to another investor.

A cost segregation study looks at the overall building that you purchased and breaks it down as much as possible.The purpose of this is to increase the depreciation expense.Without a cost segregation study, you are depreciating the property over two items(Building and Land).However, a cost segregation study might identify items such as fencing which might be eligible to be depreciated over 15 years instead of 27.5 years.Depending on the year that the building was placed into service, you might be able to take bonus depreciation on certain items.The follow-up question to ask your CPA is will the cost segregation study help me, and by how much?

Typically, lenders don't look that hard into the LLCs.

The area is called the Pearl and that worked it totally regentrified the area but not affordable condo's U know start at 500k and go to many millions.

You found the right place for information.