If you use an FHA loan as an individual, you’ll benefit from a low down payment (3.5%) and more lenient qualification requirements, but you won’t have liability protection, and the loan will stay in your name when it becomes a rental.Using a conventional loan through an LLC offers liability protection and scalability for future investments but requires a larger down payment (15-25%) and often comes with higher interest rates.If maximizing cash-on-cash return is your goal, FHA might be the better starting point.

I don't think the market is a huge factor UNLESS its a SMALL/rural market where filling a vacancy could take longer because of low/inconsistent demand. 2.

They have low 20% ltvs and have market values in the ~350k.

While still low, the chances of success starting as a beginner are much greater as an agent than becoming one of the very rare highly successful wholesalers IMO.

.- Will still be challenging to acquire a SFR at a low enough price to justify the cost of any conversion.Regarding Michigan property taxes, we have a one-page explanation document we'll share if you DM us. - The challenge in Detroit is that the city is "deliberately" keeping SEVs low to not scare investors away over property tax increases.

That is a concern I share, giving up the low interest rate and some cash flow on the LTR’s.

Currently looking to purchase a long-term rental and have heard of some of the low or no percent down options such as with creative financing.

Expect very low LTVs (we're talking like 40-60% down minimum), much higher rates, and very long close times for out of country financing. 

HI Pinny,You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

In my Carolina Beach market you get solid 2/2s for 575,000 that gross $55,000 for example with pretty low HOA fees annually 7000.