If you know what you want to do and what an ideal customer looks like, you have a starting point.

Also, while I've read some horror stories about assessed value increases, our personal portfolio came out relatively unscathed during this recent batch of tax bills.

We hardly ever meet our tenants in person.

If rent is not paid we follow up personally.

I plan to hand write the letter to keep it personable and local.

On a separate note, if my personal home and all my business is in the state of Michigan at this point, would there be any benefit to designing the business as a series outline or simply a parent/child LLC set up where the parent LLC would be created in a more tax advantaged state such as TX, WY, NV etc?

I personally have invested in a couple syndications in the last 3 years and none have been completed yet.

The best deals, with real analysis, is done in person, or with a partner in the trenches.

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

This tenant is a great example of why they should never have a personal cell phone.