@Anthony Finger did you happen to see any of the incredible amount of positive news about Detroit during the NFL Draft?

What I'm trying to understanding better is creative financing, analyzing the surrounding markets, making connections, and many of the other industry-specific concepts that can really only be learned through real-life experience.The idea of REI came about between myself and my friends because one of them has access to a large amount of capital that he received from his parents as a gift.

The plumber came back saying the either the pump was burned/failed because of too many wipes being flushed down or when "an outside vendor" did snaking the pipe, it damaged the pump.He also mentions the "pit" where all the sewage from the fourplex comes to is too large, corroded and needs to be fixed:"using gravel to fill in the existing voids present aroundthe pit, then install a new pit with the extension lidneeded.

Side Note: Up front capital from my side is not an issue for down payments, and leaning towards the fix and flip strategy to build some cash and roll into a 1031 to ultimately get into the multi family space.  

If I come across a flip where we could pull the majority of the money out, or keep only a reasonable amount in and the rents would cover the mortgage, I would consider it but I haven't really seen that here since the interest rates have been over 5%. 

We do a significant amount of investing out of state.

After making what seemed to be an endless amount of offers in this hot market, with a lucky turn of events of a sellers contact falling through due to the first place buyer unable to to afford financing.

For office buildings, Dallas has a significant amount of distressed office space with ARM loans coming due.

Then I would get the bank to loan you the down (800k) on a first lien plus another 100k. all in you would owe 1.7 and walk away with 100k cash to get right into it and fix it up.

it's crazy to tie up a million cash to build a duplex. you can leverage that and build so much more units. ohio is one of the cheapest markets in the country to build and I'd pass on this deal if it's a million which I'm assuming it is of cash, with that amount of money you could be the majority partner in a 50+ unit deal with non recourse debt on a HUD 221d4 loan and have more than 50% equity. super low risk, urban core, non suburban deal in Columbus Ohio.