You’re effectively acting as the bank, so it’s crucial to vet your buyer thoroughly and possibly require a solid down payment.

Will they have to contact their bank ask to set up a recurring deposit to my account?

I have recently asked for two most recent bank statements.

Talk to a bank so you know what you can afford. 

These ordinances make clear the state does not desire any jurisdiction from removing safe unpermitted units. 

@Tanner Johnson you should try a local bank and talk to their commercial lender.

Also if you have someone testing positive for lead somewhere else I wouldn't expect your jurisdiction to save you. 

Just update that lighting to make it look warmer and you should be good to go.I would create a separate bank account for the place.

It's one of the few places where you can get a mix of great cash flow and appreciation potential without breaking the bank upfront.If you're curious and want to dig deeper, I’m happy to send over some resources that might help you get a better sense of Detroit as a market.

This makes it more efficient to do the pay check parking strategy or velocity banking (other market buzz words are available as well).