@Nicholas L.your own back yardhouse hackkeep it simplebase hits win championships. not grand slamsbest of luck

Newish member here (have made a couple posts).I am originally from the SF Bay Area but am currently living in East Grand Forks, MN (husband is an AF pilot so we're stationed here for a few years).We own one rental property in Suisun City, CA (near Travis AFB), and manage from afar (the renters are actually old roommates who stayed on and are unicorn renters!).

You will also notice that when they talk about returns they will typically talk about 'return on equity' which is not a true return on you cash because your 'equity' only includes your downpayment, not the other 5 grand in closing costs. 

@Keith DavighiI will mirror some of the other comments regarding 3mo being a good amount of time to get your whistle whet but potentially not very long in the grand scheme of things.

It sounds like you already have a tenant in place who is interested in staying long term which could minimize your vacancy over the years along with costs of turnover, etc. but I wouldn't call this deal a grand slam by any means.

We are in Collbran, Colorado about 45 minutes away from Grand Junction.E) Since the previous owners were adventures (accepting cash etc), how would you guys go about ensuring that if you have employees then all the workers compensation and labor related laws are being abided by ie you dont want your employees to take advantage of novice bosses and sue you for some corner case violation?

(That's when we found out that he had been indicted by a grand jury previously for federal contract fraud against the US government.) 

A company may have a tax liability, say 100,000 grand, they will purchase the credits at say 60 cents or 60K and use them as coupons paying their tax liability.

I am new to BP and real estate with a grand total of 0 deals done so really looking to get started and would love to learn from all of you experienced investors here. 

Travis, that's really great to know and I am definitely interested in Detroit, I've felt a certain poise from the city since I was there working for Google's Detroit office at its grand opening in 2018.