My first Detroit rental was a S8 occupied home in 2019.

They may be thinking about the qualified vs nonqualified use of the home and either taxing the entire gain or a portion of it.

It was a sales contract with, after 9 legal pages of irrelevant information, had a couple sentences added about her commission.I rejected the document, and asked her to provide me with a Property Management Agreement.She then sent me a "Confirmation of Agency Status" one page contract.

I am interested in small multi-family homes.

I am looking at an opportunity in my local area where there is a multiple unit mobile home park for sale.

Well, excluding the single family home that I am planning to rent out in NC in the next week which started as my primary home, this truly is my first multifamily home purchase with an intent to invest.Now, to answer your question, is it wise?

I went to look at a 3 family home yesterday.

Any advise or strategy on home insurance options, or minimum levels of renters insurance would be appreciated.

Any tips or insights would be awesome!

I have done both and have home in GF