In some cases, federal tax credits like those for low-income housing or economic development might also apply if the project aligns with certain goals.Instead of buying the land outright, developers often lease it from the tribe, which can reduce upfront costs and sometimes come with favorable lease terms.

Or you can go a DSCR route (sometimes with no seasoning) but the terms suck.

These low interest rates make financing property purchases more affordable and appealing, enabling investors to secure favorable mortgage terms.2.

Southwestern Michigan offers plenty of charm and is a destination place but would definitely make sure your ROI makes sense based on your long- and short-term goals with the property.

Depending on your current rate or if the current loan is short term or long term.

I assume you got a better interest rate, and I know you are saving a boatload of interest. 3) imagine year 11-30 where you are cash flowing thousands with paid off properties instead of hundreds because of these lean 10 years. 4) hopefully you can raise rents at least $100 each every year and in 2 years your cash flow neutral even with preferred short term mortgage. 

I'll be looking for long term rentals that don't need any major repairs initially. 

These properties are tenant-ready properties and support long-term growth. 

Another possibility I looked into is simply leave the current SFH as is since we have long term tenant, but build ADUs on the lot.

If you have scorable US credit, you'll get better terms.