Non judicial foreclosures do not require court participation; they occur mostly through deeds of trust rather than mortgage instruments.  

While I’m just starting out in real estate, I’m determined to build equity and achieve financial freedom through thoughtful investments.Here’s a little about me:I’ve been exploring wholesaling and land investing as potential entry points but haven’t made my first deal yet.

Glad Scott is addressing this head on and sorry to hear it came to this. https://www.biggerpockets.com/users/wealthelevator This is like financial PTSD. 

Detroit offers strong cash flow, appreciation potential, and affordability, especially if you’re interested in long-term holds.That said, where to invest ultimately comes down to your goals, experience, and where you are on your journey to financial freedom.

Realize these same concerns apply to other Syndication asset types also.Do stress tests against the deal for both hitting the financial targets and also the Capital Stack impact.

And if the sponsor truly can't be bothered to answer your questions when they should be on best behavior and are most financially incentivized to do it (when trying to get your money), then they will have even less incentivized to do it, in the future, when there are problems and you have difficult questions to ask them.So personally I would consider that a red flag and move on to a sponsor who communicates reliably and on a timely basis.

There was some earlier advice to self-manage when under 10 units, and financially that makes sense if you want to run lean and do it yourself.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

These are some good ones to check out Guidant Financial, known for its quick setup times and dedicated supportFranFund, which offers streamlined processes and excellent customer service.

A few tips: maintain a solid credit score, organize your financials (especially your proof of funds), and be ready to show that you have a solid plan for your investments.