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. 

This particular strategy was personally told to me by Jimmy while we were driving from Phoenix to Las Vegas in the early 1980s to attend a real estate exchangers conference and exchange session.   

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?

I will definitely keep that in mind.Currently I'm just trying to find gain more insight on the program I already happened to pay the initial starting fee for.

In his initial email about the agreement he said:“We will be providing monthly updates to our investors, along with quarterly payments (or larger chunks depending on if we sell the asset off).

I'm also currently looking at a 10 unit that has rents WAY under market ($500-$600/unit/month), but also worried about how the initial financing would look as they are looking to see at a 5 cap based on actuals.