Does anyone think I should keep them or am I being too hasty to get rid of them especially since they are making a good profit.It's all up to what makes you comfortable at the end of the day.Life is too short to worry about things -- you only have so many days on this earth to be happy, might as well make the best of them.If you like the profit but hate the problems, then it's just all about eliminating or reducing the problems.

Due on Sale Clause, where the loan can be called fully due and payable, is one of the pitfalls, and the DOS issue can be mitigated but not eliminated.

Obviously, dealing with a direct lender eliminates the "miscommunications" possible in dealing with a third party intermediary.

Question is: Should I eliminate the higher tax rate town on a flip for resale or just do the numbers and forget about the tax rates if the numbers work.

If it's LLC, does that eliminate refi?

Hey Rick,That could work, but the fact that they won't sign a contract, even if i partner up, they could basically eliminate me out of the deal right?

This eliminates anything sticky down the road.

Also below are links about some Detroit's current funding and investment and where its going.Detroit to get $300 million in federal help - Sep. 27, 2013 - CNN Moneyhttp://money.cnn.com/2013/09/27/news/economy/detroit-federal-help/Ford Foundation donates money to help Detroit manage its federal grantshttp://michiganradio.org/post/ford-foundation-donates-money-help-detroit-manage-its-federal-grantsBill Pulte: From Home Builder to Detroit's Unlikely Blight Busterhttp://www.forbes.com/sites/joannmuller/2013/10/09/bill-pulte-detroits-unlikely-blight-buster/Gilbert: Tear Down All Of Detroit’s Abandoned Homes At Oncehttp://detroit.cbslocal.com/2013/10/01/gilbert-tear-down-all-of-detroits-abandoned-homes-at-once/Plan to eliminate blight in Detroit may top $1 billion, task force sayshttp://www.freep.com/article/20131212/BUSINESS06/312120137/Detroit-blight-Quicken-GilbertDetroit bankruptcy judge orders company to stop collecting casino revenue (Access to about $180 million a year that was flowing to creditors from its casinos)http://whtc.com/news/articles/2013/aug/29/detroit-bankruptcy-judge-orders-company-to-stop-collecting-casino-revenue/http://www.freep.com/article/20130903/NEWS01/309030148/Kevyn-Orr-William-Buckfire-depositions-Detroit-bankruptcyFederal, Foundation, City and Corporate Investment Areas in Detroithttp://datadrivendetroit.org/web_ftp/Data_Mapping/InvestmentAreas.pdfThe Auto Industry Bailouthttp://useconomy.about.com/od/criticalssues/a/auto_bailout.htm

Sorry to hear that the market is getting tough for you guys.I'm wondering if the new mortgage regulations that rolled out for first time buyers will have any effect on the process -- hopefully eliminating those in the market who don't actually have the assets to be a serious investor.

If you contact them as an agent, it is expected that you have Their best interest in play, which would eliminate wholesaling it for a profit, or buying it below FMV.