If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

Hi Andrew, not all lenders have the same rules—some are more flexible than others.

The rules for evictions are the same in the city I rent in. 

It's a super affordable real estate market where you can still find deals that hit the 1% rule and positive cash flow/great cap rates.

Second rule of thumb is about half of your rent money will be spent on expenses. 

Up until recently, courts have ruled that any real estate agreement MUST be written.  

You can still find the 1% rule and get amazing appreciation here.

That is what the OP is wondering how he navigates those rules etc.

Asking in the correct forum will get a better response.Read the RULES!

You also have to check out your current lenders MAX CLTV rules because it may cause issues with the first DSCR lenders original note/agreement.There are some lenders that have CLTV rules or will not allow a 2nd lien if it does not confirm with their Max CLTV similar to a 'Due on sale" clause.