Just took this off my to do list!

This is all he does.

@Elwin GreenWelcome to the community and be ready for a huge amount of information at your finger tips.

I learned this the hard way when I used to do weddings.

Purchase price: $1,000 Cash invested: $15,000 Sale price: $34,500 Bought this property from Detroit Land Bank Authority.

This will help you in the long run, as you'll find your agent experience will be a blessing & a curse:- Blessing due to your understanding of MLS, searches & contracts.- Curse because MUST change your agent mindset.

Quote from @Kathy Kifer: @Michael Plaks - I just came across your response to this question.

I probably wouldn’t mention your third point - it makes it sound like you expect them to hold this note forever and I’m not very certain, but I’m guessing there isn’t a huge market for $100k secondary notes.Have you considered asking them to finance 90-100% for a short period of time so you can rehab and refi at a higher valuation?

This affords us excellent cash flow and lower maintenance on a 3-5 year commercial lease.

Looking to hear any ideas, how one would tackle this opportunity or what would you do other than raising rents slowly and sitting on it to refi or wait on appreciation.