On the positive side, the price points and rent-to-price ratios in Detroit make it a compelling option compared to California.

The "non conforming" lending options are actually called NonQM (non qualified mortgages).

There’d need to be a lot of rehab work/managing that would require you to put in that many hours.From a financial perspective, it seems like the highest leverage way to keep buying more properties is leveraging your W-2’s and then being work optional.

Zach’s tone was very, “this is not an issue on us, it’s your criteria that renders you in this position”.

Hi Jasmine-Congratulations on being ready to turn your primary residence into a rental.Your question is should you use a property manager or self-manage your property.If there is enough positive cashflow or you can afford to pay a property manager, I always recommend doing so for the following reasons:1.

So you could see about going to auctions and winning a "cheaper" bid on a property there, if you decide that's an option.

I saw dealmachine looks cool but the reviews from others here on BP have not been positive so I have stayed away for time being.

On a positive note we did build a new house to the specifications of a specific tenant. 

I know it seems like a tough task, but can you spend a few more months or a year while you continue to learn to really tighten the budget or find ways to earn a little extra to start from a stronger position?

Hi Treza,Not sure where you are in the process there, but when your ready to exercise financing options please reach out, it's very difficult to find a ground up program for inexperienced borrowers without having an experienced GC sign on the loan with you which in turn is not easy to find.