There will always be a level of fear of failure and you will most likely experience some, mitigating that with diligence will keep you in a healthy state of paranoia.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

There're some alternative planning approaches, but they are always case-by-case.  

This is why I prefer the cash-for-keys approach.

This is a numbers game so you may have to take an aggressive approach towards negotiating several deals before one of them actually works out.

When you are looking at estimated provided by the seller take them with a healthy grain of salt.

For investors, this presents a niche market to target families seeking multi-generational living arrangements.Things to Keep in Mind:SB 9 projects must comply with local ordinances, which may include design and setback requirements.Properties in historic districts or areas prone to environmental hazards may have restrictions.Lot splits under SB 9 require that the owner occupy one of the parcels as their primary residence for at least three years.ConclusionSB 9 represents a significant shift in California’s approach to zoning and housing.

If so (and even if not), I would love any recommendations to a loan officer in the metro Detroit area.Thank you in advance,Aaron RaffaelliDo you have either;A- existing primary mortgage payment history. or,B- 12 month verification of rent payments (as your primary housing)you should be able to land a DSCR loan no problem with that approach.

So you could also approach it from that angle. 

I'm really interested to learn how more experienced investors would approach this.