The guy didn't get to where he is today by doing those things.Detroit's fate doesn't lie in Dan Gilbert's hands any more than Berkshire Hathaway's business operations rely on Warren Buffet.

The address we are selling most certainly is.We have another one on the nice side of Littlefield that is rented at $900 that we will be selling for 60K.And besides if you read the entire post and all the facts that a naive big player wannabe like yourself should have done you would see that the post revolves not just solely on the fantastic priced properties and rent to value ratio we have and those in the know have been experiencing but around Detroit’s MASSIVE Rebirth and explosion of growth that is undisputedly taking place.Nationally, home sales are down 8.6%,but in metro Detroit, home sales are up 7.9%.”

If you have a massive rehab, or the property is borderline livable, you will want to know whether you can purchase it with your lender.4.

Your regular building depreciation will take care of that and your tax guy will probably figure out a way to expense the furniture so unless you start turning massive rental profits you’ll just carry forward the losses.

I’m assuming your preferences in investing and risk tolerance, but if you like your jobs, your pace is comfortable, and no sense of urgency to scale massively, then you have the blessing of pumping the brakes and waiting.

It usually has to be a massive loan to get a non-recourse loan unless it's a small community bank that is willing  step out of the norm a bit or a private loan.

There are some exceptions to that if you have done a massive amount of renovation and made serious improvements, but the 2 year seasoning will be the waiting period in most cases.For a non fannie/freddie loan, just reach out to your loan servicer or lender, they'll know the answer.

North Port, Port Charlotte and Cape Coral all close to the beaches with massive growing industry as the corridor between Tampa/Sarasota and Naples/Fort Myers!

@Steve Vaughan I was reading a warren buffet book and he quoted something like this about companies , so I posted on here to gather opinions of others to see how they tAke the approach in real estate investing .

That said, it doesn't excite me, and unless I'm working on a new deal, it doesn't require a massive amount of my time.