Be open to the Idea of Investing out of state.

Any other idea that can help?

I’m sure I will have to check zoning but figured I would see what ideas people had first?

Just trying to scope out ideas / methods to minimize loss here . 

Maybe it's a crazy idea?

Any ideas which condos / areas would be the most ideal for this scenario?

If this LLC was formed after January 1, 2021, it needs to be registered with FINCEN.Ongoing Compliance:Annual Reports: File annual reports with both Nevada and Michigan to keep your LLC in good standing.State Taxes: Check if you need to file state taxes or pay fees in both Nevada and Michigan.General Compliance Tips:Local Business Licenses: Depending on the city or county, you may need a local business license for operating your LLC.Registered Agent: Ensure you have a registered agent in each state where your LLC operates.

Can I charge my business as I am lending the money?

I think drumming up interest is a good idea but if renovations are delayed or you run into any problems after purchase it may be more headache than it was worth or you may waste a prospective tenant's time.

We have our own personal home, but are interested in the idea of having some rental properties to generate additional income and build wealth.