Could you share numbers about the income and expenses, including CapEx, maintenance, property management, etc.?  

Your lender may require tax impounds in advance.

It's a good market if you stick to the inventory that requires some updating, renovations and minor repairs.

Multi-family is going to cost more than a single family home and might require a larger down payment.What is your goal exactly and what does a little bit of cash flow mean to you?

So you’ll save about 1% of the expenses per year.

Hey all, first post here and excited to be a part of the community.I would like advice from experienced investors on their recommended incorporation structure for a business that will raise money from external investors to use in funding equity requirements of lenders in in fix/flips and BRRRR rentals. 

I don't know what the requirements most of them look for and am unsure what steps I can take to make that type of loan happen.

@Munjal Adhvaryu we have a lot of Canadians investing in Detroit because there's only a river separating the USA and Canada.So, we're very familiar wth LLC and tax requirements for foreign investors. 

However, lots of CUs and Locals are requiring you to keep deposits with them if you want a loan - typically around the 10% mark.

Single-Family Home with a Basement:Pros:Familiar single-family living with potential rental income.Can be a good starter home, quieter living if the basement is well-soundproofed.Potentially lower initial investment compared to a duplex (depending on renovations).Cons:Finding tenants might take longer, especially if the basement isn't a fully formed apartment.You'll be responsible for all maintenance and repairs for both units.Less separation between your living space and the rental unit.Multifamily Duplex:Pros:Clear separation between your living space and the rental unit.Potentially higher rental income with a full, separate unit.Faster tenant search as it's a more traditional rental format.Cons:Might be slightly more expensive upfront than a single-family home with a converted basement.Potential for noise complaints if the duplex isn't well-built.Dealing with potentially two sets of tenants (though vacancy rates are typically lower with duplexes).So, which one to buy first?