People like to rent from a person not a 'brand', it's more personal.

Required good credit, adequate reserves, full doc commercial loan with a personal guarantee.  

Which is very complex and costly and likely warrants professional help.Now, if it's just you and your spouse, then your 2024 tax preparation is likely relatively straightforward:- you will create a Schedule C on your personal tax return- you will NOT report any costs of purchasing the property or its rehab, not in 2024- you will report your business overhead expenses such as marketing, driving, technology etc- you will end up with a business schedule showing zero income and some expenses - not breaking the rules but potentially raising an audit flagCan you do it yourself?

Personally, I advocate for a long-term investment strategy and would recommend investing the funds, provided you are comfortable with the expected return on investment over time.

I personally would not invest in detroit as historically its not a appreciating market and for cash flow and I invest primarily for appreciation - I go off the location location location mantra. 

I started my jouney here in 2011 and I am still learning everyday - especially from others on this forum.My personal portfolio is located within Stamford and Bridgeport.

When the deadline approaches you need a person to push it through in time. 

The GSEs, Fannie Mae and Freddie Mac, both allow the use of foreign income under certain circumstances.In the personal tax returns provided by a borrower, you may see an IRS Form 2555, which identifies the foreign earned income.

You will easily find link minded folks to chat with. 

Personally, I'd go with the As-Is scenario.