While I find these posts and interactions always help ground my day, I find myself intermittently taking time off to reflecting on some bigger picture items. 

You’re not just managing tenants, you’re managing interactions between tenants.• More wear and tear.More people using kitchens, bathrooms, HVAC, laundry.

The overruns weren't caused by the Land Bank or thir requirements, they were due to inevitable surprises when you do major renovations.Rcommend NOT focusing on Land Bank properties, instead look at everything on the market and buy the best BRRR property you can find.One last thing, many of the Land Bank properties are in Class D Neighborhoods:( VERY difficult to make these work as rentals or flip.If you'd like to chat more, DM us and check out the Interactive Map of Metro Detroit with color-coded Classes on our website - to make better decisions:)

I am a hard worker and have always enjoyed the daily interactions of conversing with people. 

Has anyone had any interaction or successful real estate transactions with Metroflippers Investments?

Quote from @Michael Smythe: @Nathan Thompson check out the Interactive Map on our website, showing 183 Detroit Neighborhood classes.We do all you're looking for, but not for free.DM us if you'd like to chat more...Can you clarify? 

One of the biggest things to keep in mind is how to grow your portfolio with a strong tax strategy behind it, and how that strategy interacts with your current income and long-term goals.

You can change focus every post)--- Recent interactions (no names), what went right, wrong and what can be done better--- stories, stories stories!

Strategies like using bonus depreciation, understanding how different types of income (passive vs. non-passive) interact with your current earnings, and knowing whether short-term or long-term rentals are the best fit for your personal situation can all make a huge difference.

Depending on your other income, short-term vs. long-term strategies can have very different tax implications, and many people get into real estate investing precisely because of how it interacts with their overall financial picture.Since you guys are planning flips now and rentals later, the tax setup matters more than most people realize.For flips, the IRS treats everything as active income, not capital gains, so once you’re doing more than a deal or two a year, you’ll want an S Corp (or LLC taxed as one) to avoid paying more self-employment tax than you need to.