My $2000 also covers stuff that inevitably break under normal use - I had to replace a washer $700, a stove $600, a microwave $100, and a grill $400, all  within last 2 years, and paid close to $1000 for various service calls by electricians and HVAC techs and pest control. 

HVAC is old but functions - ask for seller to get them professionally serviced if it is not done yearly. 

Last piece of advice is to surround yourself with quality service providers (real estate brokers, lenders, accountants, attorneys, PM's, Contractors, Insurance Brokers)., They will be instrumental to your business. 

With ongoing improvements to public services, transportation, and commercial developments, Detroit is positioning itself as a thriving urban hub—making it a prime location for real estate investment! 

I am passionate about helping fellow service members and veterans achieve homeownership. 

There are plenty of such service providers available, though they typically charge 10-20% of the gross rent.

Your plan sounds feasible, but there are a few things to keep in mind:DSCR Loan Flexibility – DSCR (Debt Service Coverage Ratio) loans are designed for investors, meaning there typically aren’t occupancy restrictions like conventional loans have.

Please feel free to reach out if I can be of service.

I would be happy to connect you with a Investor Brokerage and Full Service property management with a local team in Houston.

One of the more overlooked downsides is the funding fee; however, if you have a service-connected disability rating, the VA funding fee is usually waived.