Remarkably, all but two described the same types of properties.The next step is to purchase a property similar to what these reliable tenants currently rent.Below is an illustration of the process I followed.In summary, determine which tenant segment will provide the most reliable income and buy properties they are willing and able to rent.

Final appraiser remembered that when comps for exact property type do not exist they can opt to value as a SFH and justify value.

Interest Rate Type: Fixed vs.

And if the sponsor wants to retain control they will usually diversify their investor bases and accept multiple types of investors.

But to say that this type of situation automatically means no license or poor quality may be going a little far. 

I agree with Ashish, great pointing out that although creating a property management type system could open up capabilities for Solo 401(k) and SEP IRA contributions, it can be easier said than done.

The type of loan on your current property is largely irrelevant. 

Even if you’re not necessarily looking to buy that specific house, the listing agent is often a good person to talk to since they’re already working with the type of properties you're interested in.One thing to understand about the Detroit market is that, given the low price points of many properties, agents often don’t make very much on these transactions.

We do have title insurance as well and when we spoke with the closing attorney, he told us that when they look into title, this type of issue is not found, instead they find liens that the property could’ve had previously.

And if my credit hadn't been good enough, they could have charged me twice that much.I had to have enough money to travel back and forth to interviews with the property manager, and the housing authority interviews, too.So, my point is that - you can be really picky, even if you agree to accept Section 8 tenants.But, if your property is the type of property where nobody in their right minds would rent it - unless they had absolutely no other options - then don't buy that property in the first place.If it's too late for the above, then try to be super picky.