Its not cheap to have a property demoed in Detroit, Ex.  2100 sf , two story, between two existing homes will cost approx. 13k, without asbestos and lead remediation - it will take 60-90 days to get utilities terminated, and proper permits issued.

I am currently focusing on promoting "Creative Finance" (Rent To Own, Deposit Finance etc) which is not a big thing here at all and have some new (apartments) and existing properties which are attracting a huge amount of interest.

My first questions to get answered are always:-  Do they have an existing mortgage or do they own the home free and clear (if a mortgage is present, do they need to pay it off for the deal to work)- Do they need the cash or do they want a prolonged income streamAnswers to those questions can help understand some of the key seller motivations.A typical seller financing structure would have a down-payment that would range from $10-$20K up to 10%-20%.Interest rates typically range 1-4pts over residential real estate mortgage interest ratesIf the seller wants long term cash-flow, the term can be 10yr-30yr.   

The more exists you have had in the last 2 years the better the terms get.

I'm a big believer in direct bookings but you'll need to utilize the existing marketplaces first to gain traction then invest in your own site.

Billions in commitments from DOW, BASF, Freeport LNG, Tenaris, and more. 

The lender wants to know worst case there will be enough cash flow to make debt service if you can't fully lease up the project right away.Usually a buyer ties up the land for 6 to 9 months before purchasing to see if they can get their project approved and advance commitments from some tenants for the spaces before closing on it.

This seems like an overly complicated solution to a problem that doesn't exist...

Can you get paperwork signed via email and scan with a commitment to meet the Seller on Monday to provide Earnest Money?

A release will also require him to provide his full name and personal info, which will remind him that he cannot commit any crimes against you with anonymity.A similar thing happened to me a couple years ago when I met with an unvetted handyman.