VP of Operations at a college (new construction, Facilities and Grounds, SFR purchase in surrounding neighborhoods), Personal residence (live in  flip), MBA emphasis in Entrepreneurship, Analytical work for a private equity firm-Mike

You personally have a house and other property worth about a million and about another million cash in the bank.You bought and rented out a property that had some upgrades done to it -- without a permit.

I have all entitlements, permits, plans and proformas all complete, but then the seed money evaporated at the last minute.

In Chicago that's not allowed in most of condos and of course most landlord don't permit it.

.- he had a different contractor begin work on the property without permits, as far as we can tell (there is no paper trail- permits, receipts - nothing). - they did plumbing, electrical, demo interior, installed duct work, new sheetrock and sub floor,  kitchen and bath cabinet, counter, sinks, tubs, toilets, tile work, and new windows throughout.- additionally, he purchased light fixures- interior doors- and appliance packages for each unit which are all sitting in storage now.- since he did not do the roof, there is now water damage from the leaky roof, to some of the new sheetrock and sub floor.Here is where we have gotten so far:**read a bunch of info on NOI, Pro forma, CAP, and looked at other delapated multi family buildings that have sold in the area. 

Hello, i am 22 years old currently in college.

It is a college town so it is very easy to fill a vacancy and possibly get more rent through individual leases.

My name is Isabella, I'm a Human Capital consultant (a year out of college) living in Glendale, NY.

How has investing in Detroit's suburbs been doing for you I was thinking of investing in the Grand Rapids area or areas near colleges

Well worth getting to know, even if he did play for the wrong college team.