This seems like a Down Payment Assistance like grant...We would have to figure out the terms of the Habitat grant. 

And yes, after holding back for years, we're launching our first beginner land-developing course shortly.

And you are right most money manager types won't advise you to hold RE because that is out of their control and they cannot collect fees under management. 

The excuse I am always given is that out of state landlords tend to be negligent and want someone local they can hold accountable.

They could be good source for leads, they should be able to do the site work or refer to someone 'recommended' who can.For bare land- Your short 2month timeframe for permitting (city or county) and utilities is not going to be realistic or even close, most of the time.Your best bet is to find land that has a mobile (demo and scrap it) then replace.

The site prep can vary wildly using your terms depending on what is needed. 

@Phillip Rosin - Based on the info you provided, I recommend that you start with a Fix to Rent short term loan to purchase the property and rehab it, followed by a cash out refinance into our DSCR loan.

Why are you excited about Detroit as a market in the long term?

I know my end goal is to get into real estate and become an investor, and I feel like college is holding me back.

Hello Mark,The tenant rented your property with the older garage and it is still working, so I would hold off on the new garage.