Martin CS - Gracias mi amigo.

Bruce M - I can think of three that will be speakers (Kevin Amolsch, and several on our Financing Panel); I'm certain there will be others as well.

I'm just around the lake from you in Michigan.

Joe M I think you nailed it.Section 3.H.3.ii "the loan contingency shall remain in effect until the designated loans are funded."

Your PITIMI (I'm guessing the MI stands for mortgage and PMI as you aren't putting 20% down) of $1050 would put you at a -$75 a month in cashflow, which isn't bad considering you'd only pay that much in your share of the unit you're going to living in.

I am in a similar business in Michigan and Florida.

Shannon M. - I don't have the time to pull that nonsense.

The parents I know would double-up their kids in an upstairs bedroom before putting a pre-teen in a basement bedroom two floors down.In my part of Michigan (metro Detroit), a bedroom in the basement with an egress window isn't considered in the house's overall square footage.

Welcome to Bigger Pockets Jay, and an advance welcome to Michigan.

I guess this is aimed at investors in Michigan, but I'd be interested to hear from anyone in any state...If you had $100K that you didn't anticipate having, let's say a win on a scratch off or something, and you wanted to invest it in Michigan real estate for the future, what would you do?