You make a lot of money and should put it into more passive investments that have better “sharpe ratio” deals.

Otherwise, you seem like a sharp guy.

In Oregon we have state bond programs for this and it works.The open market simply will not turn these areas around most of the time it takes a progressive and aggressive city council that is sharp and on the ball and a Major who wants it done.. the last Major Kwami or what ever his name was .. was a thug and thief and him and his posse all ended up in Prison after they raped the city coffers.  

I feel that a 2-4 unit with 2 bedrooms in each is going to cash flow better while bringing in a better class of tenant.I might be out of my league in saying this but I don't imagine many quality metro Detroit renters wanting sharp looking, expensive 1 bedrooms in an older building not originally designed to hold the 5 other units it does.

@Joshua Sharp- I would have checked with lenders before purchase.

And honestly I think im realizing that im not as sharp as i used to be..that's just a fact.. i have to face it. ..i'm lost...I don't know where the truth lies, i've tried contacting a attorney but have had no responses yet.. plus a large retainer would take from my down payment.Please, can anyone out there help me.

Private non-traded REITs raised about $4.5 billion in 2016, a sharp decrease from almost $20 billion raised in 2013.With direct deals I would advise putting a very large emphasis of your due diligence efforts on the sponsors because at the end of the day you are essentially investing in the sponsors expertise and ability to execute on the investment strategies that they are selling.

You seem like a sharp guy!

These guys are sharp and on point and they are giving us the right stuff we need to be successful.  

Harry Sharp to answer #3.