Good luck with getting this tenant to accept higher rent, because you've trained your tenant to think they have a "mortgage payment" that never goes up!

You want to talk to friends and family on this, I don't know anyone who would see this on the Internet and be like, yeah, this sounds like exactly what I am looking to do with my money.

I find this hard to believe.

As mentioned above look in the loan docs for reference to 'condition' or 'use'. 

I've heard/had good results with more targeted driving for dollars looking for distress, or to some other comments points here, look for other data points to isolate "needs" to sell rather than "wants".

I would call those contractors and ask the same thing about this property as you did those other two guys.

With 34 years of real estate investing experience, I’ve been involved in everything from owning rental properties to flipping.

I understand that nothing in life is free.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

I understand that nothing in life is free.