If they have lived there for 2 of the last 5 years, they could do Subject To, Contract for Deed, and probably get the tax exemption.

I thought my average profit of 30k per house was good but when you consider that lending favor building over flipping and how easy the money is to get to build vs flip the logic is undeniable.I've now spent the last year and a half selecting the designs, building relationships with the right GC, lenders and suppliers and am ready to start building some houses.Who's in? 

With supplying electric, water, sewer, gas, internet/cable, rental property insurance (more than homeowners), furnishing the place including large appliances, and maintenance, there's no cash flow at $4300, but a loss.

Last individual is a retiree who has money to invest but wants to be a silent partner.

A property qualifies as Homestead for this exemption if an eligible owner files a Principal Residence Exemption (PRE): https://www.michigan.gov/taxes/0,4676,7-238-43535_43539-210891--,00.html#:~:text=Section%20211.7cc%20and%20211.7,purposes%20up%20to%2018%20mills.Many investors have gotten an ugly surprise when they bought a property that was a primary residence of the seller for the last 20 years.

I got so lucky back then (3 properties have since gone up in smoke and we were fortunate to have been added as a loss payee/mortgagee before funding so that we were able to receive claim money) and was finally able to get my ducks in a row with the help of a local insurance agent who'd help me establish the right coverage limitations for my market, the project and property type, etc.

I had a few cancellations last summer and I didn't rebook all of that time because my guests are extended families and need more lead time to coordinate vacations.

Looking to purchase an off-market home in my neighborhood and ran into a hurdle that I might not be able to overcome...For context my elderly neighbor who I've been friends with for the last couple of years recently passed away.

Looks like John Bianchi's method of analysis is very very similar, which I learned last night.

I was in Home Depot buying custom blinds for my home last week and learned you can still order corded blinds if you want.