If you plan to use cash to finance your acquisition and rehab expenses, this will help minimize risk exposure to a certain degree.

I don't know if varies based on the size of the note or not.

I understand it varies from city to city.

On top of that, the rent-to-price ratios in Detroit often outperform other markets, which can mean solid cash flow alongside appreciation potential as the city continues to grow.The key with Detroit is understanding the nuances of the market—it has a large footprint, and neighborhoods can vary drastically, even block by block.

The quality of available tenant varies drastically depending on the neighborhood.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

Your Aircover mileage will vary and others have touched on "correct" coverage already.

The lease language requires the interior of the building to heat to 70 degrees.

Notices, eviction laws, tenant rights and landlord rights vary by state, with some county or city overlays. 

I know that varies but he just has selective empathy.