Is it a grounded outlet (3 prung plug) or ungrounded (old houses and you will just see 2 slots for the plug without the ground under it)  You can try to handle this yourself.  

Positives: On a positive note, doing this would free up 5 conventional loan slots for future acquisitions. 

As you get close to 10 or are at 10 financed properties, then move 1 or more over to the SUB S  and get commercial / portfolio financing and that thereby opens up 1 or more slots for Fannie Mae financing on your new purchases coming up.

(I have a few $25k investors in multiple deals).ESPECIALLY since you're all accredited, then you're not 'taking one of the precious 35 non-accredited slots' so the minimum investment amount is even more flexible in your case.As long as the sponsors have a good back end, its really not that much more work to bring on someone at a lower minimum.Hope that perspective helps!

I'm so glad to hear about potential in Detroit, it has always been one of my favorite cities since visiting many times while growing up for ice hockey tournaments. 

It has 3 Marinas, multiple restaurants, 1000 miles of shoreline and has a University on the Lake.And host many top fishing tournaments such as Bassmasters.

We of course will have our door slot available for money orders to be accepted but we HIGHLY DISCOURAGE cash payments using this process.

Good tenants live in bad neighborhoods too, not all of them are bad, most just got themselves into unfortunate situations, divorces, had kids too young and got in over their head etc. there's slot of money to be made in these areas if you're smart about it and do enough research.

That will be your best next option for buy and hold once you hit your cap of 10 properties unless you 1031 exchange into less finances properties to open up slots.

I now want to terminate a lease and all my correspondence with the tenant has been through text and email but my lease states I have to either 1st class mail or hand deliver (post to door or using door slot allowed).