They built a few more in the Silicon forest.. but from my talks with the long range planner they dont want anymore of them.. they want facilities that will employee more folks.

Qualified mortgages (VA, FHA, conventional etc.) get underwritten to Fannie/Freddie/Ginnie standards and get sold on the secondary market as securities.  

@Nathan Gesner   Many of these just cause laws hold landlords to a more difficult standard then the government holds itself to. 

@Steve Babiak Can the title company typically run that as an added service to the standard title search?

I intend to open and operate my residential assisted living facility in MI.

@Roberto Westerband on the investment property I will pull a standard commercial loan and have the property stand alone. 

Have you looked into assited living facility as they are far more profitable?

With this being a buy and hold I am tempted to go in and do the full gut and fix everything up to current standards even though it's not required.

I have a friend who works for a well-renowned construction company in our town who has offered to be our general contractor at a discount (only charging us 8% vs. the standard 15%) and "teach me the ropes"/make the right introductions so that I can repeat this on my own in the future. 

@Stepan Fedetskiy section 8 can be good option if you have a good PM who maintains the property in good shape all the time as per the needed standards. best part is govt pays a portion of the rents so you dont have to chase tenants, downside the upkeep of the unit will eat up appx 20%. so its little tricky..sounds good on paper but when you go through one you will get an idea. i had 4-5 section 8's , 3 of them had no issues, but 1 of them had lot of issues and ate up all the profits.