For you to get a discount you need financial distress and distress on the condition of the property.Now... for the other "really beat up house"... you should be able to turn that into money if you get a developer buyer.

Work hard and do well in school, develop your basic life skills and most of all HAVE FUN.

I listen to podcasts to and from work and browse around the forums after the kiddos go to sleep.My ultimate goal is to get into developing properties or spec homes, while maintaining rental properties that cashflow.

Many builders and developers can't seem to finance larger acreage developments and multi home tracts using traditional bank financing, and most of the developed land that was developed prior to the real estate crash of 2008 was absorbed in the last 5 years by larger nationwide builders.

Equity gets a preferred return of 8%, then I get a developer fee of 6% of costs, then all add'l upside is split 50/50.

Also below are links about some Detroit's current funding and investment and where its going.Detroit to get $300 million in federal help - Sep. 27, 2013 - CNN Moneyhttp://money.cnn.com/2013/09/27/news/economy/detroit-federal-help/Ford Foundation donates money to help Detroit manage its federal grantshttp://michiganradio.org/post/ford-foundation-donates-money-help-detroit-manage-its-federal-grantsBill Pulte: From Home Builder to Detroit's Unlikely Blight Busterhttp://www.forbes.com/sites/joannmuller/2013/10/09/bill-pulte-detroits-unlikely-blight-buster/Gilbert: Tear Down All Of Detroit’s Abandoned Homes At Oncehttp://detroit.cbslocal.com/2013/10/01/gilbert-tear-down-all-of-detroits-abandoned-homes-at-once/Plan to eliminate blight in Detroit may top $1 billion, task force sayshttp://www.freep.com/article/20131212/BUSINESS06/312120137/Detroit-blight-Quicken-GilbertDetroit bankruptcy judge orders company to stop collecting casino revenue (Access to about $180 million a year that was flowing to creditors from its casinos)http://whtc.com/news/articles/2013/aug/29/detroit-bankruptcy-judge-orders-company-to-stop-collecting-casino-revenue/http://www.freep.com/article/20130903/NEWS01/309030148/Kevyn-Orr-William-Buckfire-depositions-Detroit-bankruptcyFederal, Foundation, City and Corporate Investment Areas in Detroithttp://datadrivendetroit.org/web_ftp/Data_Mapping/InvestmentAreas.pdfThe Auto Industry Bailouthttp://useconomy.about.com/od/criticalssues/a/auto_bailout.htm

I would like to begin developing private money lending relationships.

A PUD (Planned Unit Development) could be attached (similar to a duplex) or detached (like a SFR, but often smaller or closer together).

@Levi Pollard I have been interested in your area for development.

Hello All, I've been a full-time software developer for 8+ years in New York City.