It was a good deal and all I had to do was coordinate the investor and contractor while providing oversight.

There are several reasons why you might like private lending when compared to traditional banking.We provide much faster approval, there are fewer bureaucratic hurdles in our process. 

You may be able to find 15% down but even that is VERY hard to get and with the changing lending climate could completely dry up.

For the zones you will be in, find out the Set back rules for Front/Back/Sides/next to residential/commercial. 

You're going to find that with a lot of Detroit PM's though.Who is your latest PM?

Recently I started working with a college kid who is doing some wholesaling to make some money and get his foot in the RE door.He had read about house hacking with a partner, where he applies for the FHA loan and finds a partner to cover the down payment.  

The only way I see mitigating these risks is getting the previous owner to waive redemption for $$, not a guarantee ahead of the auction.I did find a case here on BP where the HOA buyer got wiped out a month into the redemption period by the bank foreclosure! 

I can provide you my insights what i have learned in REI ($-$ analysis in turnkey's) - shoot me a DM if you have any specific questions.Cheers.

We ask them to provide an air quality test done by a licensed company IF we do not see visual evidence. 

Am I alone in finding that in today's market, wholesalers tend to be able to bring properties at the same price points as you can find by shopping at foreclosure auctions?