So basically, for a B minus area, for a 3 bedroom brick home you will spend 110k for a rental that brings in $1,400 per month and in a class D neighborhood Section 8 you will be all in for the same cashflow at $80k.If you extend you view to "Metro" Detroit you have more opportunities in Cities like Warren, Hazel Park, Taylor, Romulus, Eastpointe, et al,. 

Were seeing a lot of BRRRR refinances in the sixes rate wise recently - rates have been a bit volatile last couple of weeks but some really solid BRRRR deals going on with DSCR considering the short seasoning periods and rates really competitive with conventional alternatives

As a new investor, a duplex gives me some pause because I'm afraid there might be long periods of vacancy where I'll have to come out of pocket to cover expenses.

@Jesse Dominguez-Castelan You should also explore one of the quickest options to this situation - reach out to the seller financing provider and see if he'll extend the balloon a few more years.I did this in the past when my 5 year balloon was about up, it was a simple email checking if he was happy with the arrangement and would extend an additional 3 years. 

After listing as a turnkey for a few weeks, the traction has been minimal and have begun exploring DSCR loan options to refinance and hold as my hard money loan is maturing in a little over a month and I do not want to extend. 

Another option is to buy an extended warranty - just check the fine print as many are borderline scams.

What I am saying is this:Take 10 random people in foreclosure and ask if they want to sell (not even at a discount... but sell period). 10 out of 10 will say noDo the same with probates, tax liens, etc. etc.The answer will be No.So do you understand what I am saying?

Exterior PaintThe home has a concrete foundation wall that extends about 3 feet up before the siding starts.

The owner/operator must reside within 75 miles of the Short-Term Rental during periods in which the Short-Term Rental is rented. a.

Once the initial 3-month learning period ends, you're essentially on your own unless you can continue to afford the $500 monthly fee.