Find a neighborhood you like, find a house you like, buy it, and hold it.Focus on learning to analyze individual properties.

Any lawyers here who would be willing to review my real estate LLC articles or organization and operating agreement?  

Exploring all solutions to repay the Bridge Loan and even partner with anyone who may have a solution in exchange for ownership in a property in a good neighborhood and tenants who are on time with rent payments.

It is organized by @John Wires, @Quinten Sepe and myself. :-)

No consideration to what this building or the neighborhood would look like in 10 years.4.)

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

I'm just curious: Does anyone here know cities where you can find small multifamily (2,3,4 units) in nice neighborhoods?

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Before we get started we would like to come up solid written business plan that is organized in a clear and concise manner.

Local lenders will understand your market, the neighborhoods, and the prevailing loan rates.