It protects it from outside liability (let's say you drive recklessly and kill someone, and your personal car insurance gets exhausted, the suing parties cannot come after the rental property because it is not personally owned by you). 

We manage over 500 doors in Detroit now but only offer it to folks we work with on the acquisition side. 

            - For any part of the project that you finance, whether it be purchase, the rebab, or both, do you simply look at the monthly loan payment for that leverage and multiply that monthly debt service payment by the number of months you expect to hold the property?           

The condo has an HOA fee of around $1,100 per month and offers the option for short-term rentals.

They offered a discounted price and seller financing right off the bat.

I first got started with real estate by buying a 3-flat on a whim 5 years ago and now I am back for more.Happy to meet everyone!

Here's a quick summary of the situation: I'm interested in putting in an offer on a duplex in distress listed at around 250k.

It’s important to work with someone who not only offers the right terms but also makes you feel secure in the process.

>I'm the only one in this thread to actually offer a concrete plan.

Many people in your position consider speaking with potential partners and co-signers.The co-op/condo market offers more options within your price range.