The one I came closest to acquiring had an assumable loan that placed LTV at less that 60% (initially purchased at 80% LTV a couple years ago but appreciation and loan pay down had resulted in greater than 40 equity position).  

We pulled the list with my partner from PropStream and negotiated a price with the seller.We initially contacted for one lot, but it turned out the seller had two lots he wanted to get rid of.

All of this is completed 2) Have initial conversations with potential investors to gauge interest3) Choose between 506b or 506c since it will be Reg.

This can be done within the first six months after the initial cash purchase.

I've already spoken with a property manager and agents, but I'd like to hear firsthand experiences from other new investors in the Detroit market, especially within the first year or two of their initial investment.

I told him that I only stocked the initial supplies and expected my tenants to do their own shopping thereafter. 

Not the same as “Rent to Retirement” - which was initially confusing to me. 

I think they cited fire for us initially as well. 

Our initial goal was to aim for 100+ keys to reduce the cost per key and better achieve our ADR and occupancy targets with aggressive marketing towards our mix of commercial and leisure stays.I'll send you a direct message later today and would love to discuss this further at your convenience.

The lawsuit includes claims for breach of contract, specific performance, and trespass to try title, and the case is registered in public records.Additionally, the lender has initiated foreclosure proceedings on the property due to Seller Z's default on payments.Is there any action I should take as Buyer A?