I'm happy you decided to listen to your colleague and came to check out the site.

My name is Jason and I have been browsing this site for a few weeks now.

Here are two sites that offer legal agreements for Michigan. http://www.rocketlawyer.com/http://www.legalzoom.com/Hope they help.

Manuel Is there any sites you would use to do these comps?

That site is pretty good at creating good contractor leads that you can use.

Keep the site posted as to how it comes out if you do decide to claim it on taxes.

Reading another post got me thinking about this again.For those of you who own larger multi-family, self storage, mobile home parks, etc, anything with a "resident manager" who lives on-site--do you give you resident manager signing authority on bank accounts and/or allow them to handle finances?

If you are holding less than a year you would get hit with short term gains.If you hold for a years time you would get hit with long term capital gains.If you defer the gains with a 1031 after holding a year and selling to the city then you will not pay anything if done correctly.While there is no rule on 1031's case law and 1031 companies site 1 year as being safe to do a 1031.Anything less than that and the IRS has been challenging you are holding for resale purposes and not investment purposes.Simply have the city purchase after your 1st year of ownership is up if you want to avoid the gains taxes and do a 1031.

Welcome to the site Ken.

If you have anything, I would like to hear from you.I love reading the forums, it's a great site.