Here are a few tips as you get started:Research the Market: Get to know different neighborhoods in Detroit.

There are lenders out there that will lend up to 50% of the AV with no minimum credit score requirements. 

. - PRO TIP: many builders lose their license then create new company in name of wife or other relative/friend.2) Check Better Business Bureau, but don't assume all the complaints are legit. - If there area MANY, then that is a problem.

As my wife and I were reviewing it, we saw a few things in the application and on the credit report that looked funny.

Welcome to the community and be ready for a huge amount of information at your finger tips.

I suspect the builder has crappy credit and can't get approved on their own.Also, as a former banker myself, local banks aren't generally interested in financing new construction on this size of project or a builder that doesn't have extensive experience in these type of builds, in my opinion. 

When I look for my next property, I work on cleaning up credit, so my scores are as good as I can get them.  

Welcome to the community and be ready for a huge amount of information at your finger tips.

We're wondering about various what-if's though, such as what if the people tear up the place, what if we don't want to rent to someone in particular due to references or credit or pets, etc.

I just want to make it work as renting the house will allow me to still save some money.Anyone have similar experience or any tips would be greatly appreciated.