Specifically, I’d appreciate:•Wholesale contracts: Recommendations for templates or tips on using contracts effectively with sellers and buyers.

@Sebastian NadalI've used Zillow Rental Manager to screen my tenants and have found it effective.

https://logicalpm.com/new-michigan-section-8-laws-what-can-l...As the article points out, these sorts of laws often result in the opposite of the intended effect! 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

2.What are the best and most cost-effective solutions for managing this potential long-term issue?

These types of properties require experienced management to navigate the challenges effectively.

They have been very professional and effective so far.

And, capitalism works to lower housing prices when this process is allowed to go into effect. 

In reality it is costing you more. 

The calculator that we use can factor in what the effect would be if you earned less.