Detroit is still heavily tied to the auto industry so when the auto industry is doing well, real estate is as well, but when the auto industry is laying off, real estate gets hammered.  

He doesn't elaborate on this too heavily, just kind of talks in circles about "the federal government gets it before you" and "don't overpay the IRS".Concern: Owing a lot more than expected at the end of the year.

As far as an LLC goes, it's been debated heavily on BP recently, and I'm not sure what the consensus is??!

If you can buy heavily distressed properties and rehab them, you can do well, but otherwise cash flow is going to be difficult.

I think you'll find the highest concentration of military around the 95 corridor between Fredericksburg and Alexandria but skewed more heavily between Stafford and Woodbridge.  

@Dion DePaoli  I know you don't usually chim in on these topics it is one that is debated heavily, by the wholesaling without a license crowd who looks for any way to couch their deals to make them legal.What most do is say they are just selling a contract... not selling a property.. however having been around the block a few times myself..

I haven't heard of anyone being hit with this in King County, but I know it has been heavily enforced in Kitsap County for a while.

The homes are older, but heavily remodeled so that the owners qualify for the government mandated manipulation of private property.

You need to know if your site is heavily contaminated for EPA and also what the exit strategy would be for selling off the land for possible redevelopment.

Since you are technically more heavily invested as time goes on, with more equity-or cash- in the deal, but your stabilized cash flow stays the same (or increases marginally w rent escalations), your cash on cash return would decrease year over year.