When we send investors deals to review, we want to be certain that we are delivering a product that meets their unique needs.

Here are some of the pros and cons:Pros:Gap in the market that can be filled.High likelihood of repeat business from high volume buyers.Because many investors lean heavily on their agents to do legwork, you have a fair bit of control over your sales volume/performance.Your customers tend to be savvy.If you do well, referrals will fly in and you will have a full book of business.Cons:Requires several unique skillsets which are not required in traditional real estate.  

If the do find out about the change of control after the fact (and they were not notified) chances are they will accelerate repayment of the mortgage.

What to offer is going to be unique to that property, that neighborhood, that market etc.

I've read quite a few posts about owner occupants being able to qualify for unique perks mortgages in Detroit, so that's another low risk option you have to liquidate the asset and not have future ties to it.3) land contract it to the tenant.

I'm in a unique position to be able to work on real estate investing full time now, and so trying to decide which direction/niche to start with.

I fully expect to have a legally binding contract with my parents that obligates me to repay the loan in full, with specific terms.

The straight land contract seems fine, but I've been getting mixed reports on compliance issues with Dodd Frank...ie: I want to keep the existing tenants in place because a vacant house in Detroit can be costly....but in terms of qualifying someone's ability to repay or get a mortgage, if the house is cheap enough, is it really an issue?

Establish the relationship early and make sure you know the terms (points, interest, what LTV they lend to, early repayment penalties, etc).

There are other ways, but if this gets you in the game, then I would do it.I have used my HELOC as down payment money, and when i refinanced the property, I paid back the HELOC.Good LuckGino great thoughts there, I hadnt thought of a refi to pay off the HELOC before the repayment period.