What are the alternatives as to the misconception of using hard cash?

There's a comprehensive list of tax millage rates for Michigan communities at http://www.michigan.gov/documents/taxes/2014_Total_Rates_Report_-_Entire_State_480472_7.pdfIt's a common misconception that property taxes in Michigan are based on the sales price.

There seems to be a misconception that this is easy and banks and hedge funds will sell to anyone who asks nicely.

The deposit you are looking for will be very unlikely...foremost, CMHA won't permit it...the tenants in the program do not have the cash reserves even if it were permissible, and the programs that aid with deposit assistance have too many constraints.I think working with voucher tenants is a misconception perpetuated by people that do not have voucher tenants...I've worked with the metro housing authorities in Franklin and Fairfield counties and rented to voucher tenants for a couple years now and never had an issue.

I think there's a misconception that problem tenants want to live in areas like the northside and the eastside, and I've found that to be far from accurate. 

Please keep in mind off-market deals are not necessarily good deals, this is a common misconception.

I've helped nearly 200 California homeowners interested in ADUs and I'd say the #1 misconception is cost. 

But as I say, I'm sure I'll have a few beginners misconceptions to be corrected by experienced investors.Anyway, that's who I am in short, and I'm glad to be on board.

Try looking at: The Most Common Misconceptions of Investing in Real Estate

So, I have plenty of probable misconceptions!