However, like any other RE transaction the final agrement will have many legal considerations and be governed by federal, state and possibly local laws.

I think everyone loses in a law suit so find a way to settle.

Also, in the future, you may wish to include the following language in your Articles of Formation (or whatever they are called in your state) when starting an LLC, and in your Operating Agreement:Purpose for this company is: "To provide any and all other services allowable under the laws of this state."

As long as you can get good advice for Canadian laws, one way to generate the cash flow you are looking for is to find properties to purchase on lease/option, land contract or subject-to and then sell them to other people on a lease/option.

I'm not sure about other states around the country, but in Oregon it is state law that if you call a title company and request a property profile, they must provide you with a copy for free.

This is where foreign investors can ask about the laws and rules required for investing here in the states.

I don't think you're getting the answer you need because we don't have a lot of people here that know MI laws.

Again if they fail to comply they are also violating federal law and agian another 1k bucks.. anyhow just a brief idea of what you should do.

hiya,let me introduce myself. i am a 21 year old enthusiastic investor from toronto, ontario. i have been involved in the purchase of three properties this year ranging from multiplexes to houses with acreage. this limited experience of actually getting proactive and getting started has taught me way more than any book has ever taught me. a tip to other beginners. i have also had some background knowledge in the real estate industry with my parents starting out a real estate rental business 10 years ago. however their knowledge is quite elementary and i have a lot to learn. fortunately i have found this site. and while browsing for the past couple days i have found that there are many invaluable resources and brilliant minds aboard.ps. slthough i have found the canadian content lacking i am confident that with our similar laws the ideas are all valid.looking forward to meeting you,joe

Lenders cannot speak to third parties due to the privacy laws so you need the borrower.