I would assume you are trying to go with Fannie Mae for a better rate? 

Regarding multifamily properties, there are larger ones available, but in my market, the ones in better neighborhoods aren’t for sale just yet.

Asking in the correct forum will get a better response.Read the RULES!

My opinion is that these Class C properties are better for locals who are on site and can check on the properties and do some of their own repairs.

However, if the deal is average, waiting to house hack could provide a better foundation for your portfolio.

However, we have a lot of questions about pitfalls and unknowns especially with older properties, or if there is a better investment strategy since cash flow properties in our area aren't meeting the numbers we are looking for.

If you put in an offer at 85% of list price on every decent home on mls in your targeted area, you're going to get a house or two that should only need cosmetic rehab - which you could control the costs better.  

Quote from @Drew Sygit: @Aaron Raffaelli we're also in Detroit area, so let us know if you need help with anything.Edit to my last reply:I just a saw your post from yesterday talking to someone about the Classes you can expect around detroit, and that did help me get a better understanding, but it did bring a new question to mind. 

So, my advice for you is to go OOS as I've done far better than I would have here.

It's better than it used to be but they don't make it easy.