Closing in a few weeks or less@Ben Fernandez So, I assume you're buying between $100k-$150k with $50k-$100k in rehab?

Crime and drugs still an issue, but getting quality tenants has not been a challenge... so far so good.

Depending on ARV, you might be able to finance 100% of the construction so long as you are not over 65-70% of the ARV.

Detroit is a market where local have a strong competitive advantage over non-locals so you want to use that to your advantage.

Thank you so much for sharing this!

I dont believe so but am not an expert on the topic - I do know that in Texas at least, it is marketed for owner occupants first and then after a certain time period they allow investors to put offers in. 

I think you have the basics of meeting partners and people to work with in your local market and seem to be well on the way with two deals going already so big congrats there!

I know it’s more difficult to sell this so I’m looking for a company or group of Investors that would be willing to buy as is.

I'm in Santa Barbara County which is impossible to make work so I'm forced out of the area.

So there's no point in having an out of state LLC in that scenario.I would imagine other states have similar laws, but I do not know for sure.