The other question that I had was this concept of buying the note out of the exchange. 

When I bought lists I noticed that some are fixed up indicating that the owners care about their place.

So, not to invalidate your 14 day notice, you should serve it on the 2nd.So the 2 ways is to either go back on the 2nd to give it or pick everyone up on the 2nd and give it then.Be careful of the individual contracts cause this could set you up as a boarding house. 

I already have cash investors lined up, just taking care of some last minute details with a local bank or two.  

One is in a rural area and the local authorities don't care unless there is a complaint filed, so officially illegal, but not a concern.

If this is true, then who cares if it cash flows?

You have to be very careful which area of Detroit you go into.

I would be careful of working with someone that requires a cash buy.

He received a monthly discount on rent to take care of this.

It almost seems like these large companies don't even care if it makes money the first few years.Again, I get the value add strategy, but after that who is making money?