Quote from @River Sava: Hey Carter - With a DSCR loan, refinancing into an LLC is definitely possible, plus these loans don't require a full year of seasoning.

@Shwetha Pindikuri,Assuming an FHA loan with a second mortgage can be tricky, but it’s definitely doable with the right lender.

Restaurants in the immediate area would definitely depend on one's taste, however, its about 12 min to ferndale, 15-18min to Royal oak, so between Downtown Detroit and those other two places one would have solid options

Definitely a few ways to go about it. 

I'm definitely going to look further into all that you mentioned.  

I would definitely consult with a lender first since I am not completely sure. 

So a community of these homes could definitely provide an affordable downsized housing option for active seniors (independent living style) - especially when you provide amenities on site, which will be required if you want to compete with other independent living style communities and apartment buildings.

You have to practice and find smart ways to move around PPC/PPL is definitely something I’m keeping on my radar, it’s great to hear that it's working for you and bringing in motivated sellers.

you will definitely be on the list when come time to find a PM.Quick question,As a PM specialist around Detroit, what city/area would you recommend a brand new investor start out in.

Definitely speak to your accountant.2.When you go to refinance, the lender will look at several factors - the value of the property, use of property etc.