This market has its pitfalls but its not crashing.

What are the potential pitfalls or challenges in launching and running a title company?

Then to have to talk them through all the pitfalls that they weren't shown (if they can get over that I have nothing to "sell"). 

There's nothing like the experience of others to help you not only sound more professional in the beginning but also miss a TON of pit falls!  

They often provide valuable advice on market trends, property valuations, and potential pitfalls in the investment process.

Here are some common pitfalls I see for new investors from the private lending perspective:• Insufficient Funds: most lenders are going to be able to lend a first-time investor somewhere around 75-80% of the purchase price of an existing property + 100% of your estimated rehab budget (or an 80/100 loan, for short).

It'd be great to hear some real-world insights to help this group avoid potential pitfalls. 

I am speaking to you from experience 20 properties later, yes it is ok sometimes to overpay but once you are established and have a decent sized portfolio which could balance out any potential pitfalls.

Detroit can be tricky to analyze, and some deals that look good on paper might have hidden pitfalls (taxes, rehab surprises, etc.).

If you're willing to share any advice, pitfalls, or stories from this project I'd love to hear them.