Obvious value add opportunity How did you find this deal and how did you negotiate it?

Assuming you did not invest originally.To clarify, I am coming across some opportunities where a sponsor is in the middle of the biz plan, their loan is reaching maturity, they need extra capital, and they are attempting to raise the extra capital from other LPs rather than or in addition to a capital call.They are offering "rescue capital" investors pref equity that is ahead of original common equity investors.

I am a civil engineer and this is part of my every day job. 

Indianapolis does have a diverse job market, low unemployment and companies moving there (FedEx and Eli Lilly are two major employers and many hospitals). 

Most of my uncles want to sell the property and be done with it, but my Dad and I were thinking this could be an opportunity to start REI.

Otherwise, you’ll be victim to the golden handcuffs of lower interest rates and missing out on good opportunities such as this one.  

The home is in pretty bad condition and needs a-lot of work, Seeming to be a great opportunity for me to get my hands into the fix and flip game.

I'd love to hear more about the opportunities you are seeing in Detroit.

So opportunity to flips to make home beautiful is a lot.

Please share any great data sources you have found or tips on evaluating areas.My 1-year goal is to purchase 3 multi-family properties, with 8 to 40 units, at least $5000/month of initial cash flow, and some opportunities to improve operations and increase cash flow.I am hoping to forge alliances with like-minded investors to fund Win-Win deals.I am so excited that I have officially started my RE Investing journey!