However, I am trying to accomplish this task by purchasing under market value (every investor dream).

We purchased the condo for 92,000 and it has 69,000 left on it.

I have a 3rd LLC (non retirement) created in NV, working on buying RE in Detroit, MI. once the purchase has consummated, I file the foreign LLC filing with MI state, do i need to file for FINCEN too??

the buzzword  is diversification - but with the purchases I made at the time - real estate far outperformed the stock market.  

I am pretty sure they are only economically motivated since no one in Cincinnati actually discriminates based on race other than 2 and 3 family owner occupied units.

Borrowers with higher capital reserves or equity in other properties could explore an all cash purchase.

I am interested in and focused on mid-term rentals and am looking to invest in other markets outside of my current location mainly due to high purchase prices.

I am in the process of purchasing my first STR.

Also, I know that by law real estate agents have to disclose if things on a property are unpermitted to allow the potential buyers a chance to back out of the purchase if it's too costly & the real estate agent who sold my friend this property didn't say anything about any of the 3 out buildings that are on the property.

The market rent puts all three together at approximately $2900 monthly.Costs behind the acquisition:Property taxes: $5000 yearlyInsurance estimate for all three: $3,300 yearlyC-class properties (not best location, their condition is about average - older properties)Purchase price: $250,000k$15k down and $235k seller financed at 6% interest for 30 years. 5-year PPP.