I still would like to understand why they are paying the prices they are when they could put the cash in a CD and earn interest worry (and work) free.I'm referring to multifamily properties that have no room for rent increases through value add. 

That juice may not be worth the squeeze for most.As a result, the majority of investors are looking at BRRRR's for long term buy and holds in Detroit.Happy to talk through the nuances or send you some Detroit specific resources.

Just went through this process myself and opted for a HELOC.

Think of getting your butt handed to you in a lawsuit if a kid wriggles through and busts his skull open.

I was once helping the tenants try to purchase it but financing fell through.

Best to talk the tax issue over with a CPA but the loss will be reflected in the K-1's and can offset gains in other deals, provided they both flow through to the same entity (or you personally).

That's a giant red flag for that grocer potentially declining to renew their lease, vegan gluten free customers don't want to walk through a cloud of cigarette smoke to get to their ethically sourced non-GMO organic avocado, and obviously the "no smoking within 50 feet" sign is going to be ignored by the customers of that neighboring business, who are all a bunch of smokers.

Go through the process of acquiring a property by submitting an offer, bargaining the terms, and collaborating with experts such as real estate agents, inspectors, and attorneys.

Just because you don't call it "interest" doesn't mean it's an interest-free purchase.If they are incapable of getting financing through a bank, that indicates they are high-risk.

I finally worked through the analysis paralysis and made my first offer this week!