You can also focus on trendy areas like Ohio City, Tremont, or Detroit-Shoreway, where people want to be.When it comes to the property itself, you don’t need anything huge, and you don’t need to go overboard with the layout or expensive design.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

Then when the property is sold, she excludes the entire gain as a sale of her personal residence ($250,000 exclusion) and she then gifts you the proceeds (nontaxable) saving all of the tax with no 1031 cost or deferred taxes.Just sayin . . . 

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Once you know who your tenants will be, you can answer the property question on several levels, not only SF vs MF, but also location, size, features etcIf you design a car, you start by thinking about your target audience and what they want.

The catch is you have to use their designated companies for everything including financing, management, and maintenance.

This is by design because I realized I was very far behind on my retirement savings and had to take drastic measures or I was going to end up working until I die.

He has his own designer and everything.

I would be looking at basically “house hacking” the office space as there would be 4 designated suites.

By not allowing designated dual agency you could be preventing yourself from purchasing a property that otherwise checks all of your boxes.