After we completed their intake application and began the process, Austin handed us off to other staff.

I would get with the city asap and find out all the details on this.It could be possible that if the LLC changes hands that it loses it's exemption.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

The total payment is about $2200 with PITI.

if you can make it be great to shake hands.

Can't imagine what I'd do with my time if I totally stopped working!

Totally agree with having both, that's IMO a balanced investment.

And last but not least, I would absolutely and totally avoid HOA-based properties.

The dscr loan is requiring 25% down, and 13000 in closing for a total of 48.