@Saul Clavijo make sure you understand you will be getting into Class C properties at those numbers.Food for though below, DM us to chat more about Detroit:--------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Insurance is expensive, there is a lot of extra maintenance like painting or electric in common areas that don't apply as much with smaller units. 

For example you cancelled painters and showings but now feel aggrieved and unsure what the outgoing tenant can/should be charged.

As long you have a valid working visa to work in the states, you will still be able to apply a loan 

Last questions, can't a voucher holder apply to any home of any size in their approved area? 

My concern is that if i apply for a HELOC to use for the down payment before i apply for a mortgage, A) I wont get approved due to my DTI ratio, and B) I wont get approved without first showing the bank I have the 20% down payment before pulling the HELOC.

That's a lot of advanced education you got to not apply to good use. 

This does only apply to residential properties, so commercial and raw land can still be assigned the way it used to be.

How do I know if this applies to the areas I'm looking at?

DSCR has other guidelines, but generally the same rules will apply more or less.