Select it and they are tagged.Around here (SE Michigan) we have been able to achieve those numbers ($1k cash flow monthly) with that size investment buying small multifamily, but you still need reserves to get the loans- 2-6 months PITI depending on the lender.  

If you are looking for legal advice you should get your attorney involved or maybe someone who is an attorney in Michigan will chime in here.Everyone who is going to answer on this post will be speculating and will likely be a waste of your time when the lawyer could get you the info you need right away.

Hey Bp just wanted to introduce myself I'm Lee from Lansing Mi.

@William M. I

Thank you @Lynn M. , I like your idea of getting your own engineers to further refine the risks in certain areas.

I am a landlord for residential property in Detroit Michigan looking to make a transition into real estate flipping.

My name is Jeanine and my husband & I are interested in real estate investing.  

In the event if a default, the second could pay off the first or work with the first lien holder to prevent getting wiped out in a trustee sale.Most things related to lending are State specific but in Michigan the first lien holder has no obligation to notify junior lien holders of any defaults or foreclosure actions.

Hello Everyone,My name is Aneita Williams and I am originally from Detroit, Michigan.Although I am currently residing in Detroit, Michigan, I will be moving back to South Florida near the end of this year.

Hard working wholesaler in Michigan looking to add to my cash buyers list.