Please use an attorney to write these documents - this is the equivalent of going to see a dentist in the van down by the river - it's great until something goes wrong and then you could be completely screwed 

Filing the parent LLC was easy,  $400 to the state this time, everything online approved within a few days, but then I went to file my first series for a property. 

@Drew Sygit is correct - AND Detroit has had VERY bad weather in Jan - worst then most years. 

City won't let you rent out basement, but owner can live in basement.It may suck for 1-2 years, but then you'll have gained so much knowledge you can do better on the next one!

Then check off all the things you need to do to buy a property and get them done (get preapproved, find an agent, contractor, etc.) 

I did have to replace a dishwasher early on and the stove but since then, zero appliance failures.

So I ask, why do SubTo then?

One lender might me more excited about a specific deal then another, which then helps with best terms.Always looking to overcome those bottlenecks is key.  

I suspect the stock market and or building then selling a bizzness created a big majority of millionare wealth and or just high paying jobs and save your money :)

Then you have companies that originate and having a loan go NP is a semi disaster :)  What I am seeing is some of the NPN folks have had to go into origination as the NPN space inventory shrunk a ton and or pricing was to high to make sense.