It's a long story but we ended up aggressively investing in Detroit real estate, built a 12-door portfolio, and then moved back.

All this has been built into the loan along with operational cost to get the place running.

I built a house for my first deal and this was my second.

You don't think they will want their insurance, which I assume they've been paying out of pocket for many years since the house was build and owners never paid, to cover the cost of a new roof and fix the leak which appears to have been there since the house was built?

It is in an A location however,  a large apartment complex is being built right next to our neighborhood currently.

I was planning to bills my own software based on my books, when I first saw houseflippingspreadsheet I decided that it was close enough to what I was going to build that there was no reason to replicate it.It's not exactly what I would have built (like you said the methodology and format is a little different) but it's definitely just as good, if not better than I would have come up with.

You have to have a specific angle on a property or be willing to put up with title or condition problems that nobody else is... or compete with cash-rich guys who buy these things all day.At least I didn't overpay, or even worse, fail to do due diligence and end up with a broken foundation and a jumbo IRS lien!

It serves as the foundation for all successful deals.The first stage in analyzing a possible investment is to perform rigorous financial due diligence.

Then go price an engineer to do your site plan and foundation. 

They are built at our location and delivered and become permanent property.