It sounds like you trust your PM and he is doing what he is getting paid for.

Prices in Detroit are likely to keep going up.

@Krissi Miramontes sounds like it was a nice project.

At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

It's not like the MLS discriminates on listings because of who is listing it.

The last one told me I'd likely pay a small fortune for this policy. 

This is not a "slap them up" construction area like others I've seen. 

My coach suggested (and I implemented) a "must do tracker"....it's a color coded spreadsheet (I like to print multiple copies and keep them on a clipboard to stay in my sight/top of mind). 

So, we hope that the area can soon recover but it looks like a lot of the owners will be converting.  

However, I would like to hang my license with a broker who can teach and mentor me.