Below the only response I received from your office via email:Hi Andrew,I believe depending on the recovery of assets, worst case you may receive a portion of the initial investment.

Where I see states stepping in on sub2 is the wrap portion, as the person/llc is originating the loan for business purposes which states have some crafty language in there about having min. number of loans you can seller finance but that is not the case if "you are in the business" is language that the states could crack down on investors originating loans.

If it is interest bearing than most states require that a portion of the interest goes to the tenant.

They take their portion of the housing voucher like clockwork and my funds are tied up in their system.

After I got the amenities that I researched were the best for the area (I spent a lot of time looking at super hosts amenities and learning what they provide and what guests tend to highlight in their 5-star reviews) it was on to the hardest portion...STAGING.

However even if you make more money than the requirement you can use a portion of your income to apply.

House hacking is out of the question, I have two young children and a wife who will truly think I have lost my mind if I suggest we move and / or rent out a portion of our house.

Our portion out-of-pocket was the $3K deductible.I'm friends with numerous apartment owners. 

*PS  Many people do not realize that the City of Detroit is a fairly small portion of Metro Detroit.

In working on construction loan financing, the lender informed me I'll need to unencumber that portion of the property (makes sense) before closing on the construction loan.I understand there to be two methods generally speaking: refinancing my mortgage and removing that portion of the property in the process OR attaining a partial release from the lender to remove that land.I *strongly* want to avoid refinancing as I have an amazing rate, but partial releases seem complex and also require a survey.