Nope, if you don’t report it, it doesn’t exist, as far as qualifying for a loan.

I don't even know... it's like he doesn't know the answer, but he has to because he is the broker... as far as a mentor at the agency that is virtually non existent.

The Blacks in Wax Museum already exists.

Recently I have been thinking about the exist strategy for some of the properties in my portfolio. 

Sounds logical and well thought out.On a side note, buying a (replacement) property now that costs $200k more than you paid for your existing property is the same as keeping your existing property.

There should exist a 24-Hour-Notice-To-Vacate procedure for special cases such as: imminent threats, reckless endangerment (causing serious risk of injury to someone else on the premises other than you), inflicting substational personal injury ect. 

Its not cheap to have a property demoed in Detroit, Ex.  2100 sf , two story, between two existing homes will cost approx. 13k, without asbestos and lead remediation - it will take 60-90 days to get utilities terminated, and proper permits issued.

I am currently focusing on promoting "Creative Finance" (Rent To Own, Deposit Finance etc) which is not a big thing here at all and have some new (apartments) and existing properties which are attracting a huge amount of interest.

My first questions to get answered are always:-  Do they have an existing mortgage or do they own the home free and clear (if a mortgage is present, do they need to pay it off for the deal to work)- Do they need the cash or do they want a prolonged income streamAnswers to those questions can help understand some of the key seller motivations.A typical seller financing structure would have a down-payment that would range from $10-$20K up to 10%-20%.Interest rates typically range 1-4pts over residential real estate mortgage interest ratesIf the seller wants long term cash-flow, the term can be 10yr-30yr.   

The more exists you have had in the last 2 years the better the terms get.