If you're setting up a C-Corp for the lending process that's fine.

There are workarounds for this, but options are somewhat limited.Budget overagesTime – this can be a lengthy process fraught with delays from zoning to construction to crew delays.Changing market conditions.

Now let's say you think you have a deal but don't know how to value it or what to offer, bring that to me I will help you negotiate the right price so we can make sure the dispo process is smooth.Knowledge is not free, I have been through many many many different situations in the real estate transaction world.

I'm starting the process of evaluating deals and finding a multifamily property in St.

DSCR loans will also work in this way - but more of the focus may be on the property itself - but your personal credit may be pulled in the process. 

Is my next step starting the eviction process or do I have to give them a notice to quit (30 days again) by law in Michigan to then start the eviction process? 

Until the courts say otherwise treat him as a tenant in the sense that you need to wait and follow the court process until he is out. 

Labor costs are high though- as a GC I'm in the process of transitioning from building for others to building for myself.

I am very familiar with the ''Subject To' process but it is not for everyone as the seller is still resposible until the loan is paid off. 

Through that process we have grown our portfolio to 47 units.