Detroit offers strong cash flow, appreciation potential, and affordability, especially if you’re interested in long-term holds.That said, where to invest ultimately comes down to your goals, experience, and where you are on your journey to financial freedom.

You have a full plan that, over time, results in a better way of life and more time with family.

If someone can get the SEC or another financial division to take notice then that could change the playing field dramatically. 

And if the sponsor truly can't be bothered to answer your questions when they should be on best behavior and are most financially incentivized to do it (when trying to get your money), then they will have even less incentivized to do it, in the future, when there are problems and you have difficult questions to ask them.So personally I would consider that a red flag and move on to a sponsor who communicates reliably and on a timely basis.

Focusing on appreciation is a solid plan, and house hacking can be a smart first step to grow your portfolio.

@Jaskanwal Preet Singh ChhabraRefinancing a converted property for coliving involves appraisal, loan types, interest rate reduction, and careful planning.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

We are planning to build a 2 Bed/2 Bath 750-1000 sq ft detached ADU.

However, DSCR Loans have more flexibility and levers to pull such as slapping on prepayment penalties if you are planning for long-term hold that can move rates down. 

For existing companies, individuals who own at least 25% of the entity or exercise substantial control over it must submit BOIR to the Financial Crimes Enforcement Network (FinCEN) by December 31, 2024.