I bought an ugly condo on Comm Ave in Boston, and lived in and remodeled it for seven months while learning every lesson learnable and making every mistake makable.

The "bathroom" actually had a new toilet but the shower was literally a concrete enclosure painted grey.  

They hate the idea of what is almost like flushing money down the toilet each month.

My name is Chris and I am contractor/business owner of a painting and remodeling company in the Metro Detroit area.  

I would love to find out if there are any investors or wholesalers in the area who are looking for condo's in Southfield, MI.Comps 2/2 bath 2,000 sq. newer roof, remodeled kitchen 2015.

Unfortunately almost all of my cash went into my personal residence for the remodel we're doing.

Currently zoned mixed use & tenant is starting a daycare.Prop Management - $60/moTaxes - $90/moInsurance - $50/moRepairs - $75/mo (should be lower due to complete remodel)Vacancy - $50/mo  (should be lower due to new 12 month lease)Cashflow = $400/mo x 12 mo = $4800/yr  CAP Rate = $4800/$48000 = 10%Option AI would love to sell as a turnkey rental, mark it up just above total invested and sell for $50-60k but dont have a lot of knowledge directly on that.... 

The "loan" is 14% APR (which amounts to barely 3.5% on a 90 day flip), zero monthly payments (not even interest payments), 2 points origination fee, and another 2 points if the term goes beyond 90 days, with a 6 month final term.My flipper(s) keep the profits, which means they must be good at buying below market, computing remodel/rehab costs, and marketing quickly - else their profits suffer, not mine.  

I can show multiple comps closed in the last month that range from 152-168k for the exact same house that aren't even remodeled.  

You will find out what your relationship is really all about the first time you install a problem toilet together, lol.