I am looking to do out of state investing in the Detroit Area.

@Brian Raike Revisit your goals which you state include cash flow in the future.

Every state has a standard lease that realtors use.

This bill is misleading as it states it's to help the individual  losing the house by giving them the equity. 

**DISCLAIMER: "Always seek legal counsel regarding tenants rights in your state and speak with a trusted and licensed property management company before doing any of this!

If it is out of state and your banker has no interest, find a local bank for that area.

That’s when I realized out-of-state investing could be the best path forward, especially given our flexibility with remote work and plans to travel.Venturing into Airbnb ArbitrageSince I wasn’t quite ready to buy, I ventured into the Airbnb arbitrage space and purchased a master class to learn the ropes.

google All inclusive Deed of Trust state of CA.. that will give you a really good description and if you can find the actual deed of trust to read its a great wrap document .. in practice   you have a current 100K loan at 8%  you sell by owner and take a 125k note at 9%  the 125k wraps the 100k.. you continue to pay on the 100k the while the new owner is paying on the 125k  payment lets say on the 100k are 1k a month the new payment is 1.2k a month you make the 200.00 delta..

The next line item down under terms states: "Any notice to terminate this tenancy must comply with the applicable legislation of the Commonwealth of Pennsylvania (the "Act").

As others have stated the damage could be much worse if there were a storm.