Remember real estate is easy to buy and hard to sell and debt=risk. 

Detroit has been on the decline since I can ever remember.  

Deductions are optional remember and by being an S-Corp, there are lots of plausible deductions.

Remember you don't have to own a property to control it.

Remember you don't have to own a property to control it.Download BP’s newest book here some good due diligence in Chapter 10.

I imagine it will be a moot point once the unit is ready; if they turn in an app then I have that to keep track of them, if they don't turn in an app, then I don't need to remember them.Currently I have been keeping a notebook and taking as many notes on them as I can to try and keep them all straight.Has anyone else run into this problem?

It makes more sense to just keep a few thousand in cash to cover deductables than it does to pay an extra few thousand a year, every year, in policy premiums.Also remember that your landlords insurance policy only covers the structure of the rental and not the contents. 

.), if I remember correctly..

Remember, the value of the option is based on the price today considering the market changes in the future.

Just remember, be up front with people and don't leave a seller hanging and you can do fine.