The trend of property buying has continued to grow, especially in Detroit. There are currently 1,300 properties in Detroit that are in some stage of foreclosure, default, auction or bank owned, while the number of homes listed for sale. With the increase of available property being sold and auctioned, there comes an increase in the number of of property buyers. Like Vernon Grimes III, a Detroit native who has recently started his own property development and management company with four other co-owners. There are almost 28 million small businesses in the U.S. and over 22 million are self-employed with no additional payroll or employees, according to the U.S. Small Business Administration.