Assuming a quick foreclosure and writ of possession within 6 months, would give total expenses and holding of say $5K.

@Dennis Lanni What is the adverse possession options?

I just don't understand people ...46 days ago they passed all the hurdles and gave me $2000 now they're walking down the street with trash bags...wtf that's also one nice thing about those type of tenants they have basically zero possessions.. 

., or do you need to take additional stepsWaiting or redemption periodWhen and how do you get possession of the propertyEach state is a little different so talk to someone familiar with your state.

We currently possess a 5013c which makes all donations and grants tax deductible which has really helped.

@Anthony Dooley whether you rent a house where people live, a commercial space where a business is occupied, a storage space where possessions are stored or land that is farmed; it is all real estate investing.

I am very interested in learning more about the Michigan market.I also like that it still possesses a stigma with most investors as that will give other "black sheep" (like myself haha) more time to purchase cheap.Thanks for reading.

The present owner has recently filed for a writ of possession.

-Seller shall maintain property in good working order until Buyer takes possession.

Simple: have the seller provide the unit empty upon possession.