Eventually, years down the road, I would like to sell some of the properties that I have acquired to pay off other properties and own them free and clear.

If anyone has any folks that they can refer me to with expertise in helping Canadians invest in Detroit, please let me know. 

I recently bought a 4plex and I was told one of the 4 tenants did not always pay on time, so no surprise in my first month there was, you guessed it, one of the tenants did not pay.

The plan here is to have a local (RV Certified) tiny home builder do the marketing to attract buyers that want to buy their tiny homes (cash or 25 year financing) and live in this park, until there are 44 pads occupied by tenant-owned tiny homes, paying $750/mo lot rent, on 1 year leases.

Many owners covet the traveling nurse which is known to pay a premium for MTR’s without a blink of an eye. 

You recover and pay ordinary taxes on the depreciation you took, or should have taken, and then you pay capital gains on the profit.

We use a YTDpaystub and last year’s W-2(s) to calculate income several different ways:Hourly or salary income calculated to a monthly amountYTD income divided by number of YTD monthsYTD + W-2(s) income divided by the corresponding number of monthsIf these numbers vary too much, then we investigate and require an acceptable Letter of Explanation.Employment StabilityUnless an applicant has exceptional credit, we strive to determine their stability of employment to make surethey’ll always be able to pay the rent on time.

Most attorneys won't mess with taking a house from you, paying fees, and auctioning it if the bank owns 60 percent.

I well say if you break down all the bills the HOA is paying, good chance you would personally be paying out a similar fee.As for the actual revenue I would want the address to see the property.

I have met a few folks doing STRs out that way and they are doing pretty well.