However, I’m new to navigating such a situation, and I’m looking for guidance on:Collaborating with neighboring property owners to reduce costs and share resources.Structuring deals involving land contributions and joint development efforts.Attracting capital partners for projects like this.I think this could turn into a win-win for everyone involved, but I want to ensure it’s planned and structured correctly.

The people who actually have an incentive to ensure you make it to the closing table are all telling you 5% down conventional, maybe there's a reason for it.

,While no investment is completely passive, proper real estate investing should be relatively boring.You asked about the process and major considerations.

However, before you do so you should ensure that your revenue from rental income covers ALL your property expenses in the townhome, including mortgage, taxes, insurance, maintenance/repairs, vacancy, property management, etc...

This sounds risky, are you being compensated by additional rent and have you checked with your insurance to ensure you are covered. 

You can usually request this from a title company or look into public records in your county’s clerk or recorder’s office.If you’re not sure how to navigate this, contacting the auction house or a real estate attorney familiar with foreclosure auctions can help ensure there aren’t surprises.

One thing I’d stress is the significant difference between Detroit proper and the surrounding metro areas.

Title companies perform detailed title searches, revealing all recorded liens and their positions, ensuring you have a clear understanding of any potential encumbrances.

-How are arrears handled, how do you ensure once arrears are caught up that seller doesn't walk on you. - Can you do subto with a lein on property.

Ensure you are buying in an area you want and can see your family living in.