As a Detroit native with a long lineage of investment real estate here, the advice that has been given is great.

To answer your question regarding the pricing tools: Yes, your concern is absolutely valid.Airbnb’s native "Smart Pricing" algorithm is incentivized to maximize occupancy (which maximizes their service fees), not necessarily your profit.

The administration announced that Fannie Mae and Freddie Mac will purchase up to $200 billion in mortgage-backed securities to help push mortgage rates lower.Markets reacted, but let’s be clear, this is unlikely to suddenly create new homebuyers.

.◈ A contractor who sees a potential problem and reacts with “What would you like me to do about it?”

You’re not reacting to it.That predictability matters a lot when you’re not local.  

Hi Joshua — when you’re choosing a CPA for real estate investing, here are a few key things to look for:• Someone who actively works with clients investing across multiple states — that’s huge for correct filing and strategy• Experience with cost segregation studies and how they flow through returns (especially if you use bonus depreciation)• Understanding of passive vs. non-passive activity rules, so you can actually use your losses instead of watching them get suspended• Knowledge of short-term rental tax rules if you’re in that space — the material participation tests work differently and can save a lot in taxes• A CPA who meets with you during the year, not just at tax time — planning beats reacting every timeIf you ask these questions in your interviews with CPAs, you’ll be able to quickly separate true real-estate specialists from generalists.Hope that helps — and good luck with your next purchase!

Leases, rent collection, maintenance tracking, and reporting matter most.Any platform that claims to do both perfectly usually does one well and the other “well enough.”STR-first systemsIf STR is the priority, use a true channel manager that natively handles Airbnb, Vrbo, and Booking.com without hacks.

You probably know this already, but I will say it anyway – have leases in their native language as well as any following notices and tenant communications.

Now I’m testing a setup where:- I snap a receipt → it’s auto-tagged to the right property- Bank transactions get sorted instantly by category- Anything uncertain gets flagged for me to approveThe long game (and what I’m building into a native app) is to have that same system handle rent reminders, lease tracking, and repair follow-ups—so expense tracking isn’t a whole separate job.I’m piloting this with a few landlords now—happy to share what’s working if you want the details.

Everyone reacts differently and you don't know how someone will react until it happens...and that may only be a handful of times in a career.In these Class B/C, pre 1990 construction multifamily deals, the prices paid and macro environment became so bad the only "what do I do?"