Make sure the agreement includes a significant down payment, an interest rate that compensates for the risk, and clear terms about late payments or default.

Some areas we push owners to invest in are West Allis, Bayview, Wauwatosa, and several neighborhoods in Milwaukee, including Riverwest, Harambe, and the East Side.

This includes converting it to a rental property or refinancing into a different kind of loan. 

When I received the Construction Agreement they want me to sign, none of this is included.

After inputting all the data, they provide a review that includes cash flow, Cash-on-Cash (CoC) ROI, and even a graph to estimate the property's growth through appreciation, yearly cash flow growth, and loan paydown.

Use a promissory note drafted by an attorney to outline loan terms, including an interest rate that aligns with IRS Applicable Federal Rates to avoid gift tax issues.

This would clearly exclude a ridiculous term which is not included in other conventional doctor loans by default, especially given the understanding that we were investing in real estate and doing rental investing, not just buying a temporary place to stay.  

@Nathan Frost typical for Detroit, that's why we offer our clients several security options, including removing & storing mechanicals when vacant and then reinstalling day tenant moves in.What makes you think the seller will install new mechanicals?

We have a savings account where we split up into different buckets (from our w2 and passive income) and one bucket is for real estate and when we have enough to acquire another asset we will consider it.I am not a fan of borrowing 100% of the transaction costs including closing costs as it will be extremely difficult to make money many times on those types of deals.

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.