I have had a couple of clients just get the loan approved with the long term rates and then the bank really doesn't care how they get it rented out after.

And all properties need to be managed and supervised numerous times per year; giving residents the idea that no one is watching and/or no one cares will be a sure recipe for disaster. 

Squatters can now be locked out of a property and their possessions removed, but a landlord CANNOT physically remove the squatters themselves.The local police are supposed to enforce these laws and assist landlords in removing squatters.The reality is that when you call the Detroit Police to remove squatters:1) The police often don’t know/care about squatter laws and state you must take the squatters to court to evict them.

I think if the end result is affordable housing people need to be invested in their own housing otherwise a good percentage of the beneficiaries of your program won't care.  

The city’s diverse economy, which spans transportation, healthcare, and education, provides a solid foundation for long-term growth.

However, weighing your options and performing due diligence carefully based on your specific circumstances, the property's potential, and your long-term goals.

The other tip I would say is really get a good relationship going with a realtor in the area if you do not have one to give you the exact data you are looking for to be successful.

Be careful with flood zone properties.

The compliance on these can be tricky, tread carefully or work with experienced funds.4) Death - Nothing is certain but death and taxes.

Instead, investing should be a means to taking care of our needs and improving our life style.