If I'm looking at buying a townhome or condo and the HOA is high because there is a nice pool and nice gym. 

@Hannah Potter Here are the things that many CPAs support their clients with:Understanding tax impact of short-term vs. long-term vs. flip before you buyWhich entity structure is best for goals and investment property typeTax and compliance on LLC or S-CorpHow to transfer property out of personal name into LLC (hard to buy 1st through entity)Ways to optimize taxes throughout the yearHow best to set up accounting to track income and expenses (doing this late is a mess)Feedback on property management systems, accounting systems. systems, etcEstimated payments to avoid penaltiesKnowing when to file and getting things in on timeMaybe a few things I missed, but this is the high-level ….. if you can get answers to the above questions on your own, plan, and file your own taxes then you can avoid the expense of a CPA.

Trust me, I've toyed with the idea.Vacant land where it makes sense to build large MFH stock might make sense, but chances are this isn't the land we're talking about here.The reality is most vacant land in Detroit is being repurposed for parks, the Joe Luis Greenway, solar farms, neighborhood gardens, etc.Beyond that, let's say you plan to hold long enough for SFH prices to get high enough where it does make sense to build. 

Highly recommend Chuck and Angie Robinson at Exit Real Estate and Ryan Fox at First Neighborhood Bank in Parkersburg, WV

Highly recommend Chuck and Angie Robinson at Exit Real Estate and Ryan Fox at First Neighborhood Bank in Parkersburg, WV

Despite the headwinds, sellers continue to see home prices grow, buyers’ appetite for housing remains high and bidding wars are still occurring.

Hey Jinesh, I would highly recommend taking it slow.

On expensive apartment like these, if rent is too high, they would just rent a single family. lol.too much work for nothing.

Many of the other nearby homes are larger, so I thought the demand would be high for a furnished 2BD. 

From a rental standpoint there has been an influx of new supply (mostly high end) apartments that have both come on market as well as that are in the pipeline.