If my funding falls through because of this confusion, and you know of a hard money lender that funds townhouse projects like this please pass along a reference for me.Thanks!

Depends on your preferred barrier of entry...Otherwise, Arizona, Texas, North Carolina and Ohio all come to mind in regards to emerging markets.

Bloomberg just published this article which should be concerning for any landlords accepting Section 8 vouchers.

Thanks for the mention, @Michael Plaks. 

Regarding your mastermind idea...I strongly suggest you come to our Chicago meetup this coming Saturday...we switched up to a mastermind format, and if you like it, we could figure out a way to partner up and start a suburb version.Here is a link to the meetup:  https://www.biggerpockets.com/forums/521/topics/1230572-chic...RSVP'd thanks for the heads up🙂 

I've used this strategy in a similiar situation wherein the repairs needed to the property were made part of the agreement and the tenant buyer took possession with repairs needed and fixed the property to livable condition.Also in the scenario I received $5.5K down payment on a 3 year term $1200 per month and P/I cost me $550 and I paid taxes and insurance. 

@Wells H. you can spend DAYS driving through Detroit!

It takes real effort, smart decision-making, and a willingness to grind through the tough parts.So, let’s provide those just getting into the space a dose of reality—what’s the one thing you despise doing in real estate?

Have you found that secondary markets in your area are holding up better than the big cities?

It is a wood alternative that clicks together, making for easier installation compared to traditional hardwood floors.