Originally posted by @Cameron Tope:@Christian Smith everything @Craig Curelop stated above is 100% accurate and you should implement those items.

Hello @Cameron Amateis,Although I am not from Detroit, I can tell you that two most common complaints in this industry are 1) my manager is non-responsive, and 2) my manager is doing work that they are not authorized to do.

There are many more elements required other than just "the agent convinced the owner to cancel my contract" allegation, in most states.

Since I was able to get an asking price from the seller and what he allegedly owes the banks to get out of the properties I was able to calculate a 10.117% CAP rate and know where his bottom line should be, depicted below.  

@Cameron Dirden  someone from TX may be able to answer this question.

My name is Cameron Vigil.

In CT, the assessed value is 70% of the alleged Fair Market Value of a property.

Case by case Cameron, I wouldn't ever offer it but I'd be willing to use it in negotiations.

An order from a Federal bankruptcy judge would trump any state law and absolutely would stop the sale or reverse it if it was allowed to proceed.As for the junior liens, I can't imagine the lien holders not petitioning the courts alleging fraud in the transaction.

@BiggerPockets.com @Joshua Dorkin Guys - Why did you remove the interesting and informative posts from the alleged whistle-blowing NRIA insider above?