You have already seen the downside of a historically zero appreciation market (zero appreciation I define as historically below the rate of inflation).  

so there is still a tremendous, tremendous demand component even without the same population growth.

Via the posting of well defined (defined within the state property code) notices which must be publicised within certain publications/online.In MI the specific Document which must be published is called Notice of Foreclosure by Advertisement.

@Manoj Mathew Is this allowed in the PPM-legal documents that your funds can be used for different assets/projects than were defined? 

For a "Professional" developer, defined as someone with 24 projects in the last 3 years, the minimum score drops to 660 and the down payment is only 10% with a 9% rate and 1.0% fees.

Thomas for help in building a care component for a community based upon the community’s individual resources, needs and social structure.

There are not issues with giving funds, but you have to define how they are given - are they a gift, a loan etc...

Also, fly out to visit the market, tour properties, and understand the local landscape before committing.Indianapolis offers a mix of opportunities for cash flow and appreciation, so defining your investment goals is key.

@Ivan Shao There may be an "arbitrage" between the multifamily price and its individual condo components if the former gets condo-ed out.

Interest payments are paid monthly, and Note lengths are currently 2- or 3-year terms.Note that you must be an accredited investor as defined by the SEC.Please let me know if you have any questions.Continued success!