I made the mistake of buying his book with "12 hours of bonus video content" that is basically Pace talking about each chapter of his book as he drives around to some of his properties.

They complained loudly and reported me to Section 8 and the head of the office called me and said that the rent increse was too high and unconsiencable. 

Do a Google search for "Boommates" and you'll find references to the Golden Girls TV show and discussions about two significant issues older people face: the high cost of housing and loneliness.For younger people, we call this "house hacking," where someone buys a house and takes in roommates to help cover the costs.

Yes, currently there are new builds going for 30k off, with builder buying down points, and covering a portion of closing costs.

this is a toughie. hard money specifically is equity-driven, meaning they'll likely want 40%+ down to even entertain the deal. additionally, land without improvements is often very inexpensive (relative to land with improvements), usually pushing below a threshold which makes sense for a hard money lender. if you're not intending to build right away, then i think you'll have the best luck with private money instead of hard money. usually higher leverages than hard money, and more negotiable terms.if you are intending to build on it pretty right away, a ground-up construction loan could work, but those will typically require some ground-up construction experience (on title on other ground-up deals), or an extensive portfolio of heavy rehabs/ rentals/ strong liquidity. those will give you acquisition monies (to buy the land) and build monies (to build the improvements).

Is there a specific area in Detroit you buy in for section 8 rental?

With regards to the hourly conversation, some clients, especially newer investors, can take hours/months through the buying process to the stage of getting something under contract and then through the transaction to closing.

I appreciate the info.Matt Of Course Matt, Nice to see you're from Kitsap county, WA.The Sub2 & Refi strategy has been something I've been looking at as an investor and loan officer as well and this topic just happened to have come up.

Where are you and where are you buying?

There were three properties that the owner had and I made a pitch to buy all three.