It’s a city I know well because I built a 12-door portfolio there between 2019 and 2021.Detroit offers a lot of value in terms of affordability and rental demand.

Quote from @Patricia Steiner: There are several lenders who offer low/no closing cost options for first time homebuyers.

Renters today have more options and properties that are competitively priced to get leased faster!

We’re considering reaching out to local hospitals to offer it as housing for travel nurses and doctors, but we’d love to hear any advice or suggestions on the best approach this?

Let me know if you are interested in discussing this option!

Also, I am considering alternative financing options (beyond Hard Money).

If so, this is the RISKIEST option.

However, our research indicates that many DSCR lenders require Florida properties to be held in an entity.Are there any DSCR lenders that offer loans for properties held in a personal name?

As for offering subject-to financing, this is something that can be advertised under 'seller financing' in our local MLS, and there's investors that search specifically for listings with that marked, so that should introduce your property to a new set of buyers that may not have considered it before.

In option 2, your costs are $25k higher.