When they're month-to-month they're just like any other tenant, which means you can raise the rent with proper notice (30 or 60 days in my state, depending on the amount of the increase). 

Do you have current rentals in either of these areas or are you working more on the development side?

A local bank is hard to beat, but you have to develop a relationship. 

Last developer I worked with who was all in for $2 mill (paying our assignment fee), paying the purchase price, cost to develop, holding costs, etc, netted $1mill. 50% return on their money.)

This is how they are being taught and then doing deals without proper due diligence or exit strategy.Ive sat back and watched investors who are presenting themselves as experts bringing money (JV partners) into a deal and buying notes in Illinois.

When it's time to deal with an attorney I will certainly seek the proper channels and move forward accordingly.

I have only taken Scott’s so I cannot comment on others but his training has been instrumental in my development where I have bought 60+ notes in past 18 months a good real estate calculator will have a PV function.. that is the heart of the matter in note investing.. just learn how to do that one function first off.. 

At this very moment I have 2 2 build lots for sale if you are looking for development pads...one in the nations and one in East Nashville.

I would suggest that if someone wants to enter Detroit market take at your own risk two trips: flight/car/meals/hotels to know the city, its people, the neighborhoods and develop local connections!

As I understand, OR requires a developers license and a GC license in order to build property!