Any insights from your experience, whether positive or negative, would be greatly appreciated.The attached link explains the current situation with the Detroit Housing Commission (DHC), highlighting that they are severely understaffed and have limited communication with both tenants and landlords.

I am just attempting to give you my view point and possibly highlight some points that may be a bit painful to hear but which are nonetheless true and which may help in the future, idk. 

I highlighted two common exceptions in my earlier post, but doesn't sound like either scenario applies to your case. 

I can provide more details but these are the highlights. 

Highlights:* no prepay on 12 mo bridge* 6 months guaranteed interest on a 24 month bridgeThese are interest only loans and the DSCR calculation isn’t a factor in the lending decision.Compare the cost of your lower interest rate DSCR loan, including PPP versus what the bridge would cost at a higher interest rate and no or minimal PPP.PPP=pre payment penalty :)

@Olutomi Odukoya Has your property management company suggested anything like posting to Zillow and highlighting voucher acceptance?

While I could elaborate on numerous other areas, these highlights should give you a good starting point for your investment journey in Cleveland.

Sold on 11/22/2024 for $110,000, this project highlights our strategic approach to revitalizing homes and delivering exceptional returns for our partners.

What are some pros that I can highlight from the seller’s perspective.Here are a few that I’ve come up with:1) monthly income at a higher interest rate;2) avoiding a larger tax bill by reducing the purchase price (on paper);3) a promissory note that they could potentially sell down the road.Any other major ones I am missing?

You probably won't get distributions during hold.Syndications are generally tax-efficient, and Michael highlighted several key aspects.