According to his LinkedIn profile, he is also the architect of a Michigan based Covid Relief firm ( Link ), that boasts of securing over $300 million for its clients.

Mary parishes. 

I have mostly heard about LTRs specifically in Indiana, Alabama, Texas, Michigan, and Ohio but I am open to hearing anyone's experience anywhere.

@Stephen FlemingFrom my experience working with over 400 investors, your strategy of leveraging a low mortgage rate, tapping into home equity, and diversifying with a short-term rental (STR) in Northern Michigan is well thought out.

Secondly, if it does have an impact it will be contained to areas more to the southern borders than it would in Michigan, Massachusetts or say washington dc (just using those states as an example but northern states and higher priced areas typically have lower populations of undocumented people). 

Yes first-time buyer DSCR is actually fairly common, especially here in Southern MI. 

Ugh.In all seriousness, I think for $50,000 with a 1200 square foot house in Michigan should be able to modest rehab.

I don't know where in Michigan you are located, but I'm happy to give advice or share experiences.

In this case, your monthly payment with 20% down will have a good MARKET rate if your DTI works with a much lower month payment and no mortgage insurance(MI).

I don't want to have a separate main panel for the ADU so like David M. I