Hey James,That’s a solid question, and I’ve seen this scenario come up quite a bit.

While a deed evidences their ownership, the TIC Agreement evidences their right to occupy.

If your looking for the least amount of risk and biggest bang for your buck I would look for a company that is a reputable turnkey provider thats actually in Detroit and offers things such as an efficient boots on the ground team, all sorts of established local relationships, solid in-house management, an operation that is highly skilled and well versed in section 8, a company that has proven relationships with both out of state and local lenders.

I could give you a pretty solid estimate if I could see things better on the items you listed. 

Considering your situation, using an FHA loan with a 3.5% down payment for a multifamily property is a solid strategy, especially for a first-time investor.

I have done everything within legal bounds correctly and have all the evidence to defend the deductions. 

Depending on where in Mansfield this could be a solid rental for UConn or Eastern students.

Markets with good demand for vacation rentals and potential for solid returns?

In contrast, legal advice tends to vary significantly; as you and I have both experienced, consulting different lawyers often results in disparate advice, unlike the consistency typically observed in medical consultations.Furthermore, the consistency in medical advice on fracture treatment is evident across various states, countries, and online resources, contrasting starkly with the highly variable nature of legal advice, which is influenced by diverse legal systems and jurisdictions.

He had a strong portfolio with solid cash flow, but the big banks just couldn't see past their standard debt to income calculations.What finally worked for him was connecting with a local community bank that actually took the time to understand his overall financial health.