@Wick Ra I have had inspections go both ways after disgruntled tenants called in potential violations, but the ones that went my way were the ones like this where the inspector called me to coordinate access.

@Kalen AdamsonNot tax advice as a cpa can respond but typically when you cash in stocks that gain is taxed (if owned for a while at qualified dividend rate).You could take the cash, hold money for taxes and put that money as a contribution to the LLC and then start investing in real estateIf you invest in real estate you may get depreciation etc whixh could be paper loss and potential reduce tax obligation but the entire picture needs to be looked at

Evaluate your budget, savings, and potential financing options.

PS - I know the Detroit market has potential - I sure would like to figure it out.

@Dan Burstain What type of properties would have potential for more cash flows in those areas?

We used to do back to back closing with no money required but due to title company policies, lender disclosure requirements, and a variety of Federal and State laws this may no longer be practical.  

Additionally, I'm based in Michigan, and I would like to know if anyone in the community is familiar with companies or professionals in Michigan who can assist in the process of forming an LLC and managing the legal aspects of transitioning Airbnb properties.Any insights or experiences you can share would be immensely helpful as I navigate this potential transition.

Renovating multi-family/condo-conversion (and potential partnership structures for both)I would be so grateful for some qualified advice and more than happy to pay a consulting fee.

Are you planning on investing heavily in the property to make it nicer and potentially drive up the rents?  

in all practical matter you can not.in these highly competitive market and if you live in super competitive market, you should maintain high w2 salary and your spouse too.the theory of using dscr or other type of loan without w2 is possibly only in midwest market but in long term the trend would change as well.