Also, are there other things I may not be taking into account, other than "quality of life" issues?

I setup my account previous week and just getting ready to run tenant screening,  when I try to login got error message.   

For example, even 50% down payment, the loan repayment is still more than the rental income. 

The resoning behind this is that while capital gains would be at a lower tax rate, the interest is ordinary income is taxed at a higher tax rate. 

If you don’t mind me asking Job growth and stabilityLimited land to hold value Tourism and revenue incomes streams as a city to gain exposureMilitary bases nearbyResort town/ beach town Commercial businesses coming into the area Tons of gentrification in the area with new construction 

I have been buying rentals for a few years and I was looking for an investment that I could have the opportunity to have different streams of income for.

I would use this on the EIN and estate bank account when opened.I was administrator for another estate a few years ago, but it was a different jurisdiction with different rules.

Your books will show actual rent income when you have to sell the property.4.

This way you have the support and accountability from a partner without the legal implications.

It's important to note that Detroit may have higher vacancy rates and lower demand, which could impact rental income and property values.