My name is Matt and I will be moving to Detroit starting in late March and am looking to gain more exposure and experience in the real estate market in Detroit.

The second pillar is a good insurance policy as that cover the majority of your exposure.

Well if the property is in a state that has state income tax exposure... then you have a problem.

Phone calls, video chat, and email are great but bonus points if you're in my area and we can meet up for lunch or coffee once in a while.

abstract art is a value add bonus .

I think I can easily create an extra bedroom out of the "bonus room".

Low risk/cap ex exposure.

From my research, I think it would be anywhere from 70k-120k)-Bonus upside that it's located between commercial districts and could have a potential land buyout in the future.Home run?

All that comes with experience and number of deals - I would look for someone who does at least 30 to 50 transactions a year; with 5 deals a year an agent does not have enough exposure to know more than you do.Finally on the choice of building, let me say this: your future self will thank you if you buy a property that is in a good neighborhood and in demand.

Main ones are: 1) There is a possibility of getting new 20% deduction for your rental portfolio or RE business activity. 2) Section 179 (100% deduction) can be now claimed for property used in Rental Trade or business ( this is not huge right now as there is also a100% bonus depreciation available for few more years).