He typically achieves good return on his efforts but I do not believe I ever saw/heard his final numbers of this effort.  

@Tammy Garst there is a specific, detailed study report you would need to achieve financing of such project, and generally city/county approvals on build. 

Others play hide & seek games with their intentions.If you're interested in the Detroit market, DM us. 100% agreed with Drew.Most will have an ulterior motive so stay very diligent.Best advice I could give for investing long distance is to not do it lolI moved from Australia to the US in pursuit of real estate.I suggest the same for others that are looking to make real estate investing a "real thing".Easier said than done just packing up and moving to a lame town just for real estate so I get it...But certain sacrifices need to be made if one wants to achieve certain success.Just my opinion."

While chatting with their team is fascinating, there is an absence of online information available about the company, the team member told me neither him nor the director have LinkedIn accounts and no alternative was provided to review their achievements or qualifications. 

This is why it is important to have an operational account that always has a minimum balance.

The owners do not have capital to rebuild this property My question is - can the owners negotiate with the lender on the recourse loan balance as the property will be demolished?

If you prioritize debt reduction and long-term financial security, allocating extra funds towards paying off your mortgage can help achieve your goal sooner.

Remember, the key is to balance cost with quality and durability to ensure your renovations stand up to buyer scrutiny and add value to the property.Let me know if you're ever looking to get a quote on your next fix and flip deal!

A positive cash flow is achieved when rental revenue surpasses other costs such as the mortgage payment, which is the goal that some investors may even pursue.All the best!

The HELOC was the original plan, but it was going to take too long to close so we did this instead.My 403b has a value of roughly 85k and has a remaining loan balance of about 22k… about $700 per monthMy husband’s 457 has a value of roughly 180k and has a remaining loan balance of about 30k… about $850 per monthSince the HELOC is a variable rate, I’m hesitant to use a large amount from that.