I love seeing locals crushing it in the Detroit market.That's an extremely low purchase price in today's environment.

Funny enough, 6 years ago when you commented, you were the only one who stated "current interest rates" acknowledging a potential rise in the future, which sure did come around.I was curious if your opinion on cash vs. leverage is the same at the current interest rate environment (in my case it will be a 6.85% interest rate on my mortgage.Thanks!

The NorthEast is a particularly terrible environment for cashflow and regulation is pretty rough as well. 

The commission will be alot less (40-60%) but your goal is to learn the industry and you can be successful in that environment without being "Full Time".

Enforce House Rules: Clearly communicate and enforce house rules to maintain a harmonious living environment.

Below are some effective strategies for managing tenants in a way that fosters a positive living environment, minimizes conflicts, and ensures timely rent payments.1.

So if you are a really great host in a low key environment, you might get away with it.Probably some lawsuits going to happen, so that could delay or maybe even eliminate implementation of the new rules.   

Its your responsibility as a landlord to provide a safe environment to your tenants.Regarding the insurance, I would definitely seek to have the property insured for peace of mind and to cover yourself from a legal perspective in case there are any accidents that happen on your property.

This high price/high rate environment is just the south FL at the moment and you can expect prices to continue increasing as well.

In a non IRA environment, no tax savings on notes, but if you have rentals in your portfolio, those can help offset your note income profits.