You have to use a bank trust (fideicomiso) but it's like having the property in your own name for all intents and purposes.If you decide to buy and build, you'll have to do everything by yourself, although I imagine that the developer would be on hand to help you if needed.

I can't speak to the other markets you listed but they are typically compared to our market here so I imagine they're similar.

Imagine what our grandparents paid for TVs relative to their income, for a 12" BW box inside a cabinet that weighed 300 pounds, especially in today dollars . .. . 

I would imagine you're capped at 70% LTV to make the DSCR work at whatever threshold that lender allows (typically 1.00x) or maybe it's a credit/FICO issue. 3% in origination also doesn't seem too far off depending on the loan amount.

Imagine buying a $7,500 roof every 6-8 years on your $50,000 house that collects $7,200/yr in rent.

It was a raised foundation and they filled the floor heating vents with dog food.....you can imagine...John, which do you think smells worse - dog poop or cat poop? 

I would imagine all those are a bit glitchy as well. 

Imagine you have a Texas Series LLC (parent) with five cells in it (children).

I imagine you are doing this possibly for liability purposes. 

I would have to imagine that you could have section 8 renters anywhere in Detroit.