Depending on the seller's condition, it may be a win win for both you and the seller.I am certain they are other creative finance options available that I must have missed, It may help some more if you connect with some of the investors in your area(via BP or your local meet up).Best of luck.

Maybe the units are in poor condition and they are properly priced at $500/month? 

Are the market conditions [number of people moving in or out of an area, supply of land and homes, regulation, income distribution, ect] the same in Detroit as they are in LA?

Hi everyone - Looking to pick your brain on what your combination of software that you use is for your real estate business, or if you could recommend any for me.Here is what I'd like to be able to do:- Import transactions from my bank to categorize- Create and view project specific budgets, and be able to see if my project is on track throughout the project as I categorize transactions- View a P&L statement at the end of the project- Ideally be able to categorize transactions from my mobile device on the goNice to have but not important:- Managing a project (deliverables, deadlines, dates, etc.)- Invoicing a client for upgrades Up until now, I've been operating from Excel, but we're growing to the point where manually entering transactions and categorizing is becoming very tedious.I tried setting up Wave, and while I'm able to live with some of the limitations it has (i.e. subaccounts), I haven't figured out how I can assign budgets to the expense accounts so that I can track progress.  

Lack of underlying soil conditions like you see in Texas  IE foudations going wonky and requiring on going maintance that can be expensive.5. at that price point you get the best qualified renters not the bottom 1/2 of renter pool you get the top half.5. newer construction  Stucco tile roofs etc   compared to 40 to 100 year old homes in other markets that need greater care to keep functional. 6. ease of getting there direct flights to many places a lot of areas in the mid west you have to connect.. thats an issue at least for me.7. things to do.. 

It can only be cancelled if the terms and conditions are violated.  

I was originally going to buy a a 2 unit (Unit A is 3 bed/2 bath and Unit B is 2 bed 2 bath) in great condition, but was outbid.

We have invested about 20k in repairs and the house is now in great condition.

They were coming here to get heart transplants or have medical studies done as they die of some rare condition. 

A land contract is similar to a mortgage except title does not transfer until all conditions of the land contract are met.