I have a feeling my entire local market is going to be the same outlook to make their over value seem reasonable to themselves..Do you or they, control the future?

I am guessing his hands are tied as Norada is simply the marketing company and I am guessing no operational control of Wagner.

Use that loan to pay the back taxes and get things under control.

I have had my eye on 5-20 unit multifamily for a while, as I see it much more controllable and predictable way to go about a real estate deal.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

There are some types of trusts that bring a lot of protection, but you generally lose control of your assets and they are managed by someone else. 

.#2 if the owner doesn't want to buy it back, I can begin collecting rent since I control the deed in my name at that point.  

I am not talking about the time to get permits approved because it is not in their control, only talking about the time it took them to get the paperwork submitted.2. 

You are only in control of what you do.  

Specifically, the the loan guarantors need to have controlling ownership in at least (i) 3 multifamily properties [with the first acquired at least 2 years ago], or (ii) 1 multifamily property that has been owned for at least the last 5 years.