So have a great loan officer that understands those programs, and doesn't just push you to FHA.#6. 

My goal is to understand the current demand and rental potential for ADUs in this part of the city, as well as the costs involved in building.

That said, I completely understand your concern about deals looking "too good to be true" when you’re putting in 50% down.To avoid this, it’s best to analyze properties as if you were using more traditional financing (20-25% down).

However, understanding their requirements—such as down payment percentages, reserve requirements, and loan-to-value ratios—is key to getting approved.One of the biggest advantages of working with portfolio lenders is their ability to fund deals that traditional banks might pass on.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

I'm looking to invest in Detroit, and my understanding is that just because a voucher is worth a certain amount, the municipality may not have that amount to give out- as government funds are certainly not unlimited.

I would recommend investing in something that you understand. 

Originally posted by @Sidney Wilson:I understand that it is sometimes easier to have a broker do the work to find a lender, but the 1% + I always paid to brokers was a fairly significant cost.

@Monica Juarez-Gonzales Adding to prior note that @Michael Plaks has created the best resources and content, bar none, to help investors understand how to approach Cost Seg.

I understand that you could have good cash flow in a class C or D but there is no growth and vacancy rate might be high and less cash flow or break even in class A or B area but there is growth.