I have to believe the they will have multiple offers and that I'll be competing against pro flippers who don't have to obtain financing and will be able to offer more than I because I'll be using hard money and I will be using a contractor to do all of the work.

For these types of areas, we find we have the most success when we have obtained data from the county about properties that were sold at the tax sale and have not yet been redeemed.

The ordinance will require applicants for a city registration to certify in writing that operation of a short-term vacation rental would not violate any CC&Rs, bylaws, or other agreements governing the use of their property prior to obtaining a registration.

@Brent T HowellThe only thing that matters is the fair market value and your offer price.

Confirm that the IRA LLC provider will prepare all of the documents needed to not only form the LLC (articles of organization, SS-4 to obtain an EIN) but also the documents needed by the trust company to process the investment of IRA funds in the LLC.3.

Also in Detroit where I’m investing they are very strict on having rentals up to code so I’ll be using some of the extra money I had saved for obtaining my Certificate of Compliance.

Originally posted by @Hai T.

My wife is currently obtaining her real estate license, so I'm sure we will need guidance down that road as well.

Contractors are SUPPOSED to know what is required through L&I and they should obtain the proper permits.

Personally, the peace of mind of renting, saving and self educating more appeals to me more than forcing myself into a deal with my ENTIRE savings leaving me zero in the bank to obtain a property.