In most other countries, the entire down payment, or a significant part of it, is required at the time a purchase contract is submitted.

There is not a court in the country where something like that would stand up and be legal.

DOM are now about 40% longer than they were 2 years ago across the country.

It has one of the highest poverty rates in the country, declining population, and not much going for it.

Im on the other side of the country in Connecticut.

Losing $50k through this is not ideal, but I’m fortunate that it is not a painful sum to lose.What I am seeking is advice on how to leave evidence in the public record that could be found by future landlords and limited partners vetting the GP, who’s seeking $8M total / $250k each from accredited investors per facility as he seems to have a plan to move around the country opening facilities.A $57k bill could be a devastating to many landlords, and I want to help prevent them from experiencing a similar situation. 

Vincent,Detroit is one of the best markets in the country but you have to understand how the market works.

Filings went down across the country during the national pandemic eviction moratorium.

We have about 30K saved and are willing to move just about anywhere in the country (spots that cashflow??).

We have traveled there many times and love the country.