The price to rent ratio one can get in the Section 8 space in Detroit is next level.

Wholesalers are going to have to be legal honest and perform if they want to get a deal done.The rule about non licensed appraising is huge. 

I’ve been in this space for a long time, coaching and investing, and I love helping people get started.

Its crunch space in case things go wrong.

If you can find a place where the HOA or COA is flexible and you are able to convince the membership to go into development and perhaps convert the property into a co-op you could build a new apartment complex with commercial rental spaces on the ground floor and residential spaces on the top. 

Assuming the contract is valid, enforceable, and the buyer can prove (s)he was ready, willing and able to close, a summary judgment might be awarded granting the request.While every litigant has a right to appeal an adverse judgment, not every request for the appeals court to hear the matter will be granted. 

That means there is not really an effect on the debt to income ratio neither positive (income) or negative (loss) but rather simply making that payment  non issue. 

Quote from @Richard Volkov: I came across a new idea in the real estate space that’s worth discussing.

We all use private investors or NON/QM investors for DSCR but some again charge points and some do not because they UW the file (Mini-C).Most Bankers typically offer rate closer to PAR or less margin built into the rate.

Furthermore you can vastly increase your returns through leverage using a non-recourse loan but that will definitely trigger UBIT but again the numbers can still make a lot of sense.