@Michael Daniel Ultimately, it's all about confirming what the housing authority pays.

They make you an offer on your house on a 12 month lease.

Your biggest issue is that $50k may not let you get a nice house and have any reserves.

Don't forget to annually mark time for vacation or family time.You might consider hiring a teenager part time if there's something that is time consuming (for me, putting out 20 open house signs then picking them up).Best to you!

They are a corporate housing company.

It’s a 2/1 main house with an attached 1/1 unit, sitting at roughly 1,800–2,000 sq. ft.

I have considered it but I keep things at a flat rate for the exact reasons you stated.I want people to get the exact price when they stay at our lake house.

Quote from @Charles J Sabo: This will be huge for house hackers out there. 95%LTV on 2-4 unit properties.

Most suburban cities have VERY limited lots and most of those are zoned R-1, meaning only a single-unit house can be built.In the City of Detroit, it's cheaper to buy one and rehab than build!

Hopefully you already worked this out.Aside from HML, there's also an option to do a live-in-flip, where you live in the house for a year and renovate it slowly.