I don't have a lot of experience, but I do have the ability to exchange my time, so that could be a form a currency that benefits them. 

Sounds like you’ve got a solid foundation with your GC and project management experience.

Our third partner, who has experience with smaller projects in Detroit, also finds this endeavor overwhelming.

Your decades of experience have made you jaded. 

In the meantime I would love to have some helpful information or ideas to share with the buyers when we meet and ideally an agreement/contract we could fill out together once new terms are agreed to and then share that with the attorney so he could draft up the formal instrument for recording.If you have experience with this type of scenario, I’d love to hear any recommendations you have or any helpful resources you could point me to for the appropriate paperwork.Under foreclosure laws, you have to send appropriate notices and try to work with the borrower and offer a loan mod before foreclosure anyway. 

In my experience, you need to open the llc, then go to IRS.gov and get an EIN number.

My vision for CountOnCam LLC is to be a company that would like to provide a shared housing experience for women and children, immigrants, and low income families.

Private lenders specializing in DSCR loans and rental portfolio financing may experience increased demand.

If I have a garden unit in a Zone X (non-flood zone) that experiences some hydrostatic pressure seepage on those huge rain events, does this qualify as flooding?

I would greatly appreciate any guidance or experiences you can share to help me make an informed decision.