It's Dec. 2024 and, while the house is built, septic still needs to be installed, exterior grounds, and internal trim and appliances are yet to be completed. 

My wife's siblings have built 2 house on this land as there own houses they are living in The property is a total of 15 acre and each siblings got a portion of the property.

You must have built the trust to know they aren't telling you it's bad so they can take it.

You will also want to find out if payments are interest only or if some principal is built in.

Quote from @Jay Bru: Last week Neal and the staff at Gro Capitus let us all know that ALL of our Principals were at risk now in the RTP Nova project of the newly built Townhomes. 

Find something with someone who is boots on the ground, that you have talked to and built trust. 

In our case this was an annex built without proper permission, which limited the m2 that the bank would value the property against, and limited to how much space we would be legally allowed to use.

If that is the case, can you start to buy places that are built in the mid-90s to stay away from those big issues?

Property values have been appreciating rapidly in recent years, and the city’s population has started growing again—a trend we haven’t seen in decades.I’m also based in California and have been investing in Detroit for several years, so I understand the concerns of out-of-state investing.

Hmm, that means you haven't built your team yet.