Also in terms of financing, if one party is funding more than another, is there a way to dictate that when closing a deal?

The reason I bring this distinction up is that we are a lot more flexible because we don't have the secondary markets dictating what they will buy, a business warehouse line that depends on certain boxes being checked (like minimum credit scores), and we are not brokering to hard money lenders so we really have zero control over the deal. 

The sub-2 agreement may survive the closing dictating how amounts are to be paid to a second mortgage or lien, much like a contract for deed agreement or simply make a second mortgage.Insurance is another matter off concern, making the old owner a lien holder on that policy is a notice to the underlying lender that a sale has occurred.This is not an area to get instruction off the internet as a first timer, get with an attorney in your area and have them do the deal, it needs to be accomplished as customary for that jurisdiction.

After April 30, 2014, brokers will choose independently whether to provide data to non-REALTOR® consumer websites on a case-by-case basis as dictated by clients’ and agents’ best interests."

Please don't let one neighbor dictate how you conduct your business.

So, to circle back to the sellers profit, those guidelines, along with your own situation and the circumstances of the deal dictate what you can pay.

For those on M-T-M no problem...whatever local law dictates as the necessary notice period for an increase.

Hi Marcus,Unless you had a good asset protection attorney draw up your operating agreement, and can pay him/her for defending it, you might have a new business partner called ex-Mrs. and you might have a new dictator of the LLC called Judge X.I've seen some very "creative" "strong arm" techniques used by Judges (or Psudo-Judges of the Divorce courts) to force individuals to do things--despite it's impact on the LLC's other members finances.You might want to seek the council of an asset protection attorney regarding the wording of the LLC Operating Agreement, before the Lawsuit begins.Not saying that will prevent the LLC from being besieged, but at least gives you a line of defense (you can pay to defend if you have to).Will it happen, Maybe yes, maybe no.

If it is flagged by the jurisdiction, but is safe, SB13 limits what the jurisdiction can dictate be done.  

Morris's representations of these neighborhoods is in my opinion and many others not accurate as to risk.You can have a good rehab but its the tenants and Pm that will dictate your long term success.I started in Detroit in 02  and did a few hundred deals there so I am pretty familiar with it.. so just depends if Morris keep the same thought process..