Insurance is getting way more expensive than we might have envisioned and we needed to see it as a relationship more than an expense and just switching companies-which would not have worked anyway.

Define your investment goals, familiarize yourself with related terms, evaluate your financial situation, begin small, investigate markets, establish investment standards, cultivate professional connections, carry out exhaustive due diligence, investigate funding alternatives, and determine whether to manage the property on your own or by hiring a property management company.Decide what you want to achieve—stable cash flow, long-term growth, tax advantages, or all of these—and dedicate some time to learning about them by reading books, using the internet, taking classes, and attending seminars.

From what I can see, all units are the same, but I haven't done an exhaustive search.

This is not an exhaustive explanation, but hopefully, it gives you an idea of the market These lenders are in.

You’ll obviously get less than an owner occupant.

If they are squatters you will have to go through an ejectment which is lengthier and more expensive than an eviction.

Its alot cheaper than an eviction (If it works) I would start with the amount of their security deposit!

However, after their "exhaustive" search of thousands of lenders they partner with, they were only able to offer me one loan. 

But when combat with humor, sometimes it can bring out the best in people, one can step back and take in there own ridiculousness free of weight of social stigma/accusations, and then both sides come together on a chuckle and move forward in a far better atmosphere than an adversarial one. 

Hi Ayyoub-Great question and I am right up the road from you in Ann Arbor.Certainly, getting a conventional loan may provide slightly better rates than an investment loan like a DSCR loan.However, if you are buying income property you can use the income to qualify for the loan with a DSCR or Debt Service Coverage Ratio loan and not so much your personal finances like a conventional loan.Basically, you need three things.1.