Given resources and economic/political priorities as they are, it will probably continue to be tough to effectively enforce rental ordinances or any kind.All the best on your Detroit real estate adventures!

The hope is to avoid liability events but there are effective risk shifting strategies all investors should implement as well.

As a result, when the property is sold, depreciation recapture rules apply, potentially increasing your taxable gain.Additionally, the recent increase in the State and Local Tax (SALT) deduction cap is currently set to remain in effect through 2030, unless modified by future legislation. 

Any profits were split:50% to project manager (my wife and me)50% to equity partnersTherefore, I effectively kept 75% of the profits since I was due 50% for management, and the 50% of the 50% for the equity.  

Investor Relations: Does it help you manage your capital sources and communications effectively?

My point is the refi might not make sense at that rate, not sure because the credit and LTV will effect the cost, but willing to bet you can do MUCH better in costs elsewhere. 

We keep the finishes clean and modern but cost-effective — LVP flooring, shaker cabinets, and simple trim details that photograph and show really well.We’ve also built a few similar duplexes for turnkey clients, and they’ve had strong success with both rent-up and ongoing performance.For us, this model has proven to be:Scalable (our team can handle more new builds than rehabs)Predictable (fewer surprises than remodels)Attractive to tenants and investors alikeCurious if anyone else here is building new construction rentals — how are your numbers looking in your market?

Effectively, you are taking post-tax money, running it through your LLC.

Since the texting 10 DLC / A2P regulations went into effect in October 2023, it reset the marketing channel and now very few investors are texting in bulk due to all the hurdles you need to jump through to get your account approved for texting.For me, keeping my cost per deal low is very important.

You need to be financially stable to do these and it's an effective way to add to your investing.I allocate $25,000 per property.