I listed some reasons of avoidance that other trusted real estate pros told me including a lack of appreciation, higher repair costs (rougher tenants), higher vacancy rates, and occasional difficulty collecting rent.Still, with that said, my eye kept wandering towards properties in Detroit city limits, and that brings me to posing the ensuing case to you all.Looking at a property such as 20300 Albany St, Detroit, MI, it is listed for 39,900 and is turnkey (and looks pretty nice).

The skills can be learned and farmed out but many only want short cuts.Creative financing can lead to: ruining your credit for seven years, losing your job because you are constantly on the phone or have to travel to the location, being sued and having a judgment forever, causing death or dismemberment from cutting corners and the guilt that ensues, having the state or the IRS take your assets, angry heirs shooting at your windows... there are risks.Never do seller financing with someone in a protected class: (the elderly)  or anyone with access to free legal aid.This market will pass.

I Don't think real estate will crash.However, Evergrande and 4 other major investment comanies are on the ropes and depending on how it falls, it will affect Blackrock, HSBC, Deutsche and anyone else who has derivatives, in the ensuing contagion.

But, in these types of transactions clarity is essential in order to structure the deal correctly and to explain to the seller and sub-leasee how the transaction works so lawsuits don't ensue from misunderstand or improperly explained financing. 

Your disposition reminds me of an analogy from some military experience: Let's just say I was a warrior in the US military and had some close encounters with not so friendly folks, we trained for a multitude of scenarios constantly, rehearsed over and over, ran drills for various tasks, planned and analyzed, and even agreed on what specific preparations would be made as well as form a consensus on how to strategically maneuver and react to the mission ahead, we over-prepared often, almost to a frustrating level; nearly every single mission we conducted (99%) all the planning and preparation was seemingly useless, as soon as any action stimulus began, chaos ensued, what I like to call organized chaos on our teams part, yet it wasn't the planning and strategic efforts made prior to the mission that enabled us, we always worked through the chaos with the fundamentals, the core efficiencies we had learned and trained, it didn't matter what rehearsal and plan we chose, it was the fundamentals that afforded us the opportunity to weather the chaos and react proficiently.

So they promptly defaulted and lender came in to take it back.. very aggressive litigation ensued ( that's when I heard about it and was trying to figure out how to worm my way into this deal as I loved the project)... the Trustor was suing the lender for lender liability.. it went on for a few years..

You and your family will be positioned to reap the benefits of your dedication and perseverance in the ensuing years.To be more successful, you simply have to work on the other elements to progress your REI pursuit.

Rentals and other charges paid in advance for any such periods shall be credited on the next ensuing payments, if any, but if no further payments are to be made, any such advance payments shall be refunded to Tenant.

They targeted lenders, as I'm sure you're aware, because they were at least partly to blame for the chaos that ensued from 2006-2009 or so (liar loans are an example).

I am very credit conscious and understand the risks and liabilities that ensue when using credit cards.