Still I'm maintaining a presence on Morningstar & the Von Mises Institute to discuss economics, bond & stock markets as well as political theory.

I’m sure you’ve already figured it out but if it’s important to you that the work being done is by someone licensed, bonded and insured ask for that proof first thing.

Many of the soft commits won't come through when do have the target property for a number of reasons.My first syndication, 48 unit, was funded by people I met through meet-ups and took months to form the bond and trust for them to invest with me but that was the springboard for closing 860 units in 18 months and a total of over 1100 syndicated.

@Rick Pozos I’m very much looking forward to sinking my teeth into it.

No main grounding through a rod is present with the age of this system (meter jumper cut is a potential hazard), neutrals/grounds bonded in 1 subpanel is no longer approved.

Also interested in how you plan to make a positive cash flow with it assuming you are on a bond if not renting.

Michigan has a unique property tax structure that you should know to avoid bad assumptions.Overall, if you're buying this and willing to believe a wholesaler's claims about ARV and such, then you probably shouldn't be investing out-of-state because you're setting yourself up to be screwed.Either:1) Cut your teeth investing in your backyard2) Start building your OOS team BEFORE you buy anything3) Buy in the Ring Cities of Metro Detroit, which have less risk than the City of Detroit.You might want to follow our blog here on BP as we write extensively about the Metro Detroit market.https://www.biggerpockets.com/member-blogs/3094-royal-rose-properties

The Fed hasn't even really started raising rates yet, they are still tapering bond purchases.

Debt offerings or securities (equity, preferred, bonds, etc).

It is quite a fun bonding experience and based off your dad’s neighboring properties I am sure he will enjoy it as well!