my understanding that there is rent control as well and can not increase rents more than 7% a year for the same tenant.Just trying to see if there is a possibility to enter this market at this timeTIA Hi Lydia,Currently Michigan legislature states  "a local governmental unit shall not enact, maintain, or enforce an ordinance or resolution that would have the effect of controlling the amount of rent charged for leasing private residential property."

It is important to consult with a legal professional or financial advisor to fully understand the implications of assuming the mortgage and how it may potentially affect your financial and legal responsibilities in the event of unforeseen circumstances such as her mother requiring care.

Our property management contact changed hands a couple of times but the reps were great (good transition, responsive, professional responses, etc.).

@Chris Seveney there is no difference in regards to syndication, private reit...wherever you are fractionalizing ownership. 

Other than that, just roll with your process like a professional business.

The same would be true on your private home.

We provide a professionally cleaned unit when the tenant moves in.

Feel free to discuss it here, or DM me, I'm open to building professional relationships to gather more insight.

Building a team of reliable professionals is crucial for navigating the complexities and maximizing your chances of success.

Hopefully, other professionals can jump in and correct me, or verify.Since your son is in the military, he gets a special break when it comes to selling his house and not having to pay taxes on the profit.