If you have any questions feel free to reach out to me. 

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

I'm just getting started out in this area and would appreciate any suggestions or advice.

Not all PMLs/ HMLs will do 2nds.

It has worked out to be a win/win.

A friend of mine is trying to figure out what is a better long term strategy.

Options beg the question "on what terms", which is why many fill out an earnest money contract to define the terms. 

The availability date does not have to be a future date.As for processing applications, we try to complete them within 24 hours, starting from the point we have a complete application.

One of the lease for a rental is about to expire and would like to change from single family to rent by the room and try, to market for regular leasing we normally go to Zillow and advertise for free, but for rent by the room not sure which of all the sites out there will be the best option(s), some of them are for free, majority pay a monthly or anual subscription ($99 to $200).Do you have any guidance on which to select?

The appraised value seems low and I am trying to understand the best strategy to challenge this value and the cost / benefit of going through the condemnation process.