Also, any advice on managing budgets for PPC in the real estate sector would be really helpful.Thanks in advance for any insights. 

I invest there and have a full team on-the-ground.

You’re thinking through things the right way, and Detroit can be a fantastic place to execute your plan if you get the right setup in place.

Collect first two months rent up front and deposit on next month. 

You'd think with all the information out there that it would be harder to pull the wool over people's eyes.

We’re still waiting for next steps on that one re: borrower repayment or foreclosure.  

My question is: How do I properly take the interest that my LLC has put into the new LLC and give it to my person for the purposes of getting a loan from the bank through a refinance.

We closed on the construction loan June of 2021, the permit came through Nov of 2021.

Certainly nothing ground-breaking in terms of ideas here, however I'll be very hands on (and on site) during the process to make sure that every step of the way is executed to a high standard and very carefully.Once I've hopefully developed a successful track record and gained experience, my next goal would be to move on to commercial assets (think multi-family, industrial etc) so that I can leverage my existing investor network and real estate knowledge to raise 3rd party equity and take on bigger projects.

After they went up in 2022 and many people including myself thought they were going to come down the next year, but that did not happen.