The city's relatively lower entry costs compared to other East Coast cities make it appealing to investors especially section 8.

A lot of options around the area with STR / MTR, traditional long-term rentals, or section 8.

I don't want to be a needy, unreasonable client but I would like to work with someone who I feel like is in my corner and trying to help me move forward.

Can I provide notice soon to not intend to renew a lease (no cause) of the section 8 tenant--this is a 12 month lease that ends 10/31/24. 

Located on a gorgeous corner lot, it makes dividing the usage much easier.

Many of these buildings have anywhere from 6 to 24 units, and when you do work on one section it will clog some of the fixtures downstream.

You can make an election under IRC Section 469(c)(7)(A) to treat all your rental real estate interests as a single activity -- an election to aggregate them all.

If your looking for the least amount of risk and biggest bang for your buck I would look for a company that is a reputable turnkey provider thats actually in Detroit and offers things such as an efficient boots on the ground team, all sorts of established local relationships, solid in-house management, an operation that is highly skilled and well versed in section 8, a company that has proven relationships with both out of state and local lenders.

Depreciation is typically allocated according to the ownership percentages outlined in the partnership or syndication agreement, which are set in advance and follow certain rules under the tax code.However, some syndication structures can be designed with different classes of partners or special allocations, but these arrangements are subject to complex tax rules, such as the "substantial economic effect" rule under Section 704(b) of the Internal Revenue Code.

If you click on the magnifying glass in the upper corner I’m sure you can find the first 100 times this has been said/asked.