Sorry, can't help, but I find it strange saying they know before it hits the legal news as a lender cannot disclose the loan condition prior to public notice, so it may be they picked it up an early morning copy, LOL. 

I also got the impression that State Farm agents have some leeway on whether they wanted to add student rentals to their insurance portfolio so picking the right agent seems important.

Do you think wholesaling properties would be a good segway into real estate investing, due to its quickness to raise funds and the knowledge I'll pick up? 

I am looking forward to getting to know BP members and picking the brain of like-minded individuals.  

I have been self managing everything but think I am going to hand the four units over to a property manager.I'm currently interested in picking up more properties with 4+ units.  

Here is a Case Study #5 of a 1st lien note we picked up last year. 

And I assume you aren’t selling either of these properties as you believe they aren’t outliers or cherry picked examples but good average examples of the Detroit market past and future.

I would think your numbers are about right for this deal, based on the potential for growth and the new development starting this could be the right time to pick this property up however the numbers have to be right when you purchase, not when you try to sell.

Given the area of Del Cerro, we used high end finishes throughout and every detail was carefully picked out from the door knobs to the iPad control station to Bose surround sound throughout the house to LED mirrors to the Versailles travertine floors to the wall hung toilets to the custom cabinets w/ granite countertops, etc...Nothing was left untouched!

You have picked a great place to work; listen and learn how the successful investors watch the cycles and analyze deals.