We're probably not going to take the risk if we're busy agents to play that game. 

This is going to keep your bid honest, rather than lazier and keep your cash position stronger. 4) The only time you spend in this, is finding & closing on the quality assets and playing devil's advocates for repair/rehab/fixing costs.

The Private Equity and Institutional investor is playing the ADU game - I’m working with them.

It's a forced equity and appreciation play with the benefit of personal use and the hope that 100% bonus depreciation comes back.

@Tom HallAt 7% if you can I would pay it down as investing it net after tax gains may not get you the 7% you are paying - so it’s less riskDownside is you lose liquidity of that money as it’s tied in your propertyIf rates come down in future you can refinance and even take some of the cash out.Regarding your question are rates coming down, a lot of factors come into play but right now it does not appear there will be significant changes to rates over next 3-6 months.

I currently live and invest in the area and know my market but many of out of state investors get taken advantage of if there don't play an active role Detroit.

If you understand the math of it all it should come very clear, the game is NOT best played (1) buying in all cash, (2) buying and sitting on a property for decades on end. 

That is our Bible or road plans for repositioning value plays in good hard working blue Collar areas of Ohio.  

Maybe talk to the city and see what the process is.Now of course you don't know how things are going to play out.

Again, fair play for a major business like this, but it's the old guard who have held up the forums for years, even with their technological ineptitude.