@Sean D,Yes, it's a negotiation tactic.

In general even in cash flow markets they were often D grade assets. 

$1000 is a good deposit on a B/C property and will only get you into trouble on the D properties.

Here are my numbers at a glance for the 2 year mark...TOTAL NOTES: 251ISSUED & CURRENT: 175 (all $25 loans, A-G grade 6-28%)FULLY PAID (PAID OFF EARLY): 37 (my experience is this randomly happens, all grades will pay off loans unexpectedly. not a bad thing, just an observation)IN GRACE PERIOD (LATE ON CURRENT PAYMENT): 3 (ALL D GRADES, received payments equal to about half of original loan currently)LATE 16-30 DAYS: 0LATE 31-120 DAYS: 7 (D,E,F,G grade, 6/7 have paid about half, 1/7 is 2 months into loan(C grade))DEFAULT (IM PROBABLY ABOUT TO LOSE) : 1 (D grade)CHARGED OFF (I LOSE) : 28 (received between $2.50-9.50 out of my $25 before they charged off.

Was the original garage space transformed into additional livable sqft? 

@Derek D.

Hello everyone,I have a rather specific question that I can only assume many do not have too much experience with!I am looking for some general information about purchasing multi families and converting them Into assi...

Honestly there is no B class rentals in Detroit.... you have A (in the bubble) and you have D (everywhere else). 

How are these properties NOT D/F?

@Julia Pinelo @Elizabeth Colegrove @Crystal Smith @Richard Richard @Ryan D.