Welcome to BP, how's the search going, have you found your first deal yet?

Again, this is just what I have gathered over the years so you should take your tax professionals advice however I'm pretty certain an LLC does very little in terms of tax benefits. 

And every answer is the right answer. 

I tried but the lack of income on the property is a no go. 

30 yr mortgage with VA How did you add value to the deal?

I imagine you are still feeling the effects of Helene.

Each corner and where the floors meet the wall.

However, it doesn’t seem like the tenant is at fault for the issues you described.

Typically you can get a window egress installed for $3k-5k.Not aware of a Metro Detroit city that will allow the conversion of a SFR to 2-4 units in an R1 zoned area.- You can improve your search by only looking in R2+ zoned areas.- Will still be challenging to acquire a SFR at a low enough price to justify the cost of any conversion.Regarding Michigan property taxes, we have a one-page explanation document we'll share if you DM us. - The challenge in Detroit is that the city is "deliberately" keeping SEVs low to not scare investors away over property tax increases.

You pay cash at the time of sale, so you need the money available right then.