I appreciate your insight, especially given your expertise.Question, assuming it's $200/sf, a recent sale of a nearby house 700/sf larger house recently sold for $900K, does that mean that an experienced rehabber could conceivably expand this house 700/sf at a cost of $140K and increase his profit by $60K?

Very attractive in that it's already all rented out...i could conceivably not hire a management company for a few months.

The seller could be innocent in the origination, but acceptance of the ill conceived note puts them in a position using that note to facilitate an installment RE sale that is covered, so they are also wrong.While we will say that I made a loan to Frank, actually, the borrower is the "Maker" of the obligation.The SAFE Act language is not specific to who gets hammered, it says "anyone who makes, originates, ....or facilitates a financing transaction"... can be responsible.

It is zoned R-3, or thee units per lot so could conceiveably have three townhomes on each lot, or six in total at a total value of 1.2 million.

Ryan,If you want to start investing but are limited in your funds and/or credit I would recommend starting off using investing techniques that don't require money or credit.There are many types of investing methods to use such as wholesaling, lease options, lease assignments, sandwich lease options, partners etc...I would recommend finding a mentor to teach you how to invest in real estate to avoid costly mistakes and save you time from trying to learn on your own.Also the investing technique you consider will need to be determined by how much time you have, how motivated you are and it is vital to know why you want to invest.I don't invest because I like to work, I invest to create financial freedom to do the things in life I have passion for such as spending time with my family and not having to worry about money and the stress it causes in my life.If there is anything I can do to help you get started please let me know.Remember anything the human mind can conceive and believe it can achieve.

Is it customary for a buyers such as myself in this position to negotiate the price based on the fact that I would be unrepresented and conceivably saving the seller from having to pay commission dollars?

It could be conceivable in the future due to pressure from bond holders (China) that the principal gets indexed in reverse.

We have people in ever conceivable niche, and from every imaginable background.

Having said that, your "backyard" could conceivably be in your old market in Michigan - especially if you have a lot of contacts back there.Good luck!

When developing property we submit plans and go through all different types of approval, from the grading permit process (which shows where water flows) to every other conceivable permit and approval...