I did speakto the Treasury Offset division who stated I did have one SBA backed loan for a much loweramount than the lien. 

Keep cash on hand and don't put yourself in a position where if your tenant needs a new roof or AC unit right now that you'll have to put it on a high interest credit card.Second, I realize that everybody's experiences are different and so is everybody's unique skill set. 

Also make sure you have a unique value experience for your guests. 

in the SF peninsula and down to Cupertino there was a builder who built about 30k homes in the 50s and 60s  called Eickler these were modern heat in the floor tons of glass interior walk ways with gardens in them etc etc.. very unique ..

While this is not unique to foreclosures, and should be done for EVERY deal, I highly recommend you get full title insurance on a property.  

Outside of the typical challenges for out of state investing, what are some of the pitfalls that may be unique to investing in Detroit?

Hello, Both Connecticut and New Jersey offer their own unique advantages for real estate investment.

All deals have their own unique structure and you should understand the advantage and disadvantage to taking distributions along the way vs. a higher payout of profits at the end.

. - First and foremost, and not unique to Indy, obviously interest rates have been the main character in the story for anyone looking to buy.

It is important to build a team that understands the unique dynamics of this market.Given your experience and substantial equity, sounds like you're in a prime position to capitalize on new opportunities.