I think since it's personal and you're the only owner, I would open a high-yield savings account and get 4-5% on the money.

Get a bank statement to cross-reference their paychecks as most employers now direct deposit.You'll also see if they have a savings history or are living paycheck-to-paycheck.If they are not paying rent right now and have no savings, how well do you think they'll be able to adjust their budget, so they can pay rent on time?

I will spread the info to anyone I know who was affected.

To stay secure, I’d recommend saving 3-6 months of mortgage payments, budgeting for repairs, and possibly investing in a home warranty.

great info! 

Maybe I am confused or maybe there isn't enough info here...THE PMC worked for free this entire time handling an unfortunate situation that was not likely either party's fault.

@John Kim @Travis Biziorek is 100% correct.S8 really isn't difficult, but it's not the answer to everything that the self-proclaimed "gurus" make it out to be.With S8 tenants, you're just trading one set of challenges versus direct paying tenants.When we advertise a rental, we take the best tenant we can find, immaterial of their source of rental funds.You want to be careful investing in the City of Detroit because there are a lot of "crooks" trying to sell you Class D properties dressed up to look like Class C or B.Connect with us or Travis for more info!

Without having much info, I would need to know the financial situation of the 'close family' to determine a best approach.

Shoot me a dm and I'll send you their contact info.

I would definitely avoid her services if you want to save yourself the trouble and get quality work.