While the first half of 2023 was slow, in the second half of the year, the sales volume gained enough momentum to catch up on the loss by increasing by 25%.

Maybe bankruptcy, maybe slow courts or laws over Covid, maybe owner missed a payment and started paying again, but one payment behind, maybe trying to do a workout, maybe some environmental hazard with the property that they want to take ownership of it.So that would be the first step....find out who owns it.....individual or LLC or now in lender name.   

Your transaction was not the norm, anytime you get lawyers involved to draft things, things tend to slow down. 

Slow and steady has won the race for thousands of years, and that didn't change with the advent of social media.1.

If your just looking to start slow and have 10-15k or even 5k id say just try and land a deal in that price range.

@Kevin LeeYou might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:https://www.biggerpockets.com/...

It's going to feel like you're going nowhere for the first year or two or three...slow and steady still wins the race.

I have some land on the bottom of a mountain and the neighbors wells are only 200 ft deep, not on critical slope and it use to be farm ground with no rock to hammer for foundation/septic so when I eventually build there my costs will be greatly reduced and $130 to $180 a sq ft build cost could be realistic outside the cost of the land. 

Be quick fire and slow to hire.Meet them face to face.

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $310,000

Cash invested: $350,000

This was a full rehab 6 unit multifamily building.

Our firm did everything ...