Costs and Timeline: The process of splitting and developing lots can take time (1.5 years) and may involve significant costs for permits, construction, and other development fees.If you want to learn more about how SB-9 can work for situations like this, check out our website "CityStructure" for more info and helpful resources.

Long-Term takes the least amount of time, Short-Term the most.Unless you have the time & discipline for this, SELL.4) If you sell, would it make sense for you to re-invest in other rental properties?

Where are you with the city required Certificate of Compliance process?

It is a great deal for the silent investor as they typically make 50% - 100% COC in less than a year.

I have a rental property in Detroit that I am looking to get certified, and have tried following the process on the Detroit Housing Commission website (https://www.dhcmi.org/landlord-faqs), which says " To list your property with the Detroit Housing Commission (DHC), you can visit DHC’s Assisted Housing Division office located at 2211 Orleans, Detroit, Michigan 48207.

I don't know if that makes me nuanced or a hypocrite. 

No one right decision for everyone. 

The lower rate or longer term can also make the payment more affordable. 

Cut your losses the first time they miss a payment and start the eviction process.

I'm currently in the process of deciding which agent to go with.