Probably going to be a check.Smart contractors are starting to understand that convenience matters to customers and being able to take different methods of payment can help them collect their money.

Here's an ideal PM contract: The two keys are: The PM is incentivized to make you money, not charge high fees, and is contractually bound to provide reporting that you can understand in a timely manner. 

Wouldn't do that for 3-7 years.I understand what Joe is saying, but it's a little beside my point I want to make to new investors: short-term cash flow to replace W2 with little capital is not a viable strategy. 

Understand what problem they want solved.

It's my understanding it's now similar to if it was a mortgage foreclosure.

I would love to chat with someone who is a mortgage broker to understand your day to day workflows a little better.

That said, Detroit is very much a block-by-block market, so understanding the dynamics of specific areas is critical.For professional investors (and even newer ones), Detroit’s future is bright if you approach it with the right strategy, solid due diligence, and an understanding of the challenges.

I understand I'd take a pay cut being an agent for the first few years, but in exchange, I'd be learning about the market and building a network as I move towards Commercial multifamily.

I'm not even going to show it to them.Just be careful that your prescreening questions/discussions follow Fair Housing law and are asked of everyone. 

Also start talking to lenders now to understand their requirements