Hey Camille,It’s great that you’re exploring multiple markets and thinking critically about population trends and affordability—it sounds like you’re off to a thoughtful start.Regarding Detroit, I’ve invested heavily there and have seen firsthand how much potential the market has.

9) adding multiple ADUs or adding an ADU to a quad looses F/F conventional financing.

@Manuel Angeles affordable deals depending on size can have multiple funding sources….

Typically, the same applies to LLCs where you and your spouse are sole members (single or multiple member LLC).

My perspective was from a small business private lender rather than RE lending, but the mechanics were largely the same. 

This either sounds like a seller looking to "retire" and liquidate his holdings or a Section 8 owner that hasn't kept the property (or rents) up to market levels.So, based on the numbers you're using, what return (IRR, Equity Multiple, or ConC) are you estimating you'll generate over your expected holding period?

I'll echo Zach here a little to give my own perspective if it helps.- It's very difficult to argue about travel being a business expense if you're just going to look at properties, I would argue against it in a majority of cases.- Depends on what you're doing specifically, but usually I'd recommend getting an EIN at least to give access to business bank accounts- Repeating #1, if you're going to a property and 100% of your time is spent doing renovations and the like, sure, but if any of it is for personal benefit, that'd be disallowed.

During 2022 I had multiple meetings with one of their CPA advisors and gave them access to QuickBooks and Payroll platforms.

We fund multiple private loans each much and they are run through title/closing exactly the same. 

Don't forget to run your numbers multiple ways.