Per my understanding, that means a 2400 sq ft lot would allow at most 2160 sq ft of finished, above grade indoor space. 

I understand you can look at Zillow and leverage public county tax databases to find semi-accurate property tax numbers with comparables.

My old job used to send me to Jacksonville FL often for work so I had a decent understanding of the city.

I certainly understand why people chose to leave that circuit alone.

I live in CA but will actually be out in Detroit from this Sunday (the 4th) through the 10th.It's a fantastic market if you have the time to learn and understand it. 

But if she is a problem, what are the odds she turns into a good citizen for an out of state landlord?

@Andrew PostellI’m not sure if I’m understanding what you mean about talking the final draw at the end… are you saying make sure the lender doesn’t have an issue with me doing that ?

I do not know the odds of passage, but I will be voting against it even though there is one aspect I like. 

This drives out competition and let's those who really know and understand the market get higher returns. 

U dont have to wait for the Senior loan to wipe you out and they may just pay on the note  There is a one case brewing right now that is interesting that would have a special seat in prison as there is an investor who allegedly (not accusing anyone just reading what the court docs accusation is) to simplify had an agreement/loan from one entity and used a separate entity which had investors money in it as the guarantor....So put another way for people to understand, say you have one MF syndication (call it MFA) with investors and a bank loan, and the sponsor pledged funds from a different syndication/entity/project as collateral (call it MFB).