I had no money to put down on any properties, so I learned (a lot) and put in a lot of hard work and effort to get some properties under contract.Initially, I had no clue what I was doing, but I had the help of some people (and I appreciated that)I made mistakes that cost me around $30k (lost a deal due to my ignorance regarding title and escrow)The good news with wholesaling is that it doesn't take a lot of capital upfront, and you can start talking to sellers and learn about the industry in general.The other good news is that you can without a doubt generate revenue quickly if you do things correctly (having a good TC / title / escrow connection that keeps deals moving on the backend)That said, there are a few points that I've come to live by:1.

Sure there are definitely some but considering that only around half of our eligible voters even bother to show up to vote, I highly doubt that a high percentage of the people leaving are willing to upend their lives, quit their jobs, leave their family and friends and move out of the state due to politics, despite not even voting.

There is no doubt my best return would be to flip after rehab, but then I have a job as a flipper.

Doubt this is the final version as the "smart" people in the city understand Detroit is coming back and needs to keep welcoming investment instead of putting up roadbloacks:)As many STR landlords have learned in other cities and in oversatuarated areas, it's always good to have a backup plan!

I'm sure the company is fine and want to give them the benefit of the doubt.

So as an example, if the hose sells for 90% of market value then it is doubtful you will get an added 20% on the table with your discount.

I have serious doubts that the company officers have maintained their fiduciary duty to RAD's investors in many of these related-party transactions. 

Quote from @Bruce Woodruff: I doubt many investors use the 'famous' 1% rule any more.

The doubts we have are1) There is a due on sale clause or something that doesn't allow the loan to be transferred to an LLC?

@Elliot B.I doubt a energy meter based on airflow, heat - etc - of any variety - would hold up if challenged in a court of law -