(Asking for financial data on properties).

@Dan Fritschen What an unfortunate situation.

If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.Here’s our OPINION for the Metro Detroit market (always verify each area for yourself!)

If you start trying to sell a home that has to be removed- you are now in a very different situation that very few guides, tax assessments or insurers will be able to provide insight. 

Purchased the property in 2021 on an awesome owner finance note with the intention of starting the build quickly thereafter.We had, what I thought was, a great quote in hand to throw up a pole barn and start our journey towards financial freedom with a grand slam of an investment.

Here's what I decided to do: I explained the situation to my new tenant and asked which option was better for her; self-install it for me, or have me send someone to do it. 

Whether to rent the property or flip it is solely based on your long term plan and situation.

This is a delicate situation and I want this to be as smooth as possible, having them vacate the property is a last resort option. 

Additionally, If anyone would be willing to have a conversation about what they look for in CPA's and what they learned financially starting in the rental investing business I would greatly appreciate it! 

What first comes to mind in this situation?