Depending on the area (some spots in Michigan), some communities are prone to water in basements and that is a coverage I would consider as well in my area.  

Hey everybody I'm a newbie looking for local meetups in the Oakland County Michigan area.

We already have two STRs in the same town (South Haven, Mi), so we have some confidence in our risk since we know the market. 

Look no further come and invest in the great state of Michigan!

MI covers some of a lender's losses in the event of a default and foreclosure.

@Matt Nico I invest and live in MI -- metro Detroit area.

Found a HUD home in Michigan, trying to find my options.

Bought it knowing that in the state of MI, the foreclosed upon party has until Sept of 2020 to redeem the property (highly unlikely due to being medically incapacitated).

FHA loans tend to be a little more generous about having no credit history and/or a lower credit score, but FHA also carries a fairly healthy MI premium. if you want to try to be sneaky, you might be able to get her on the radar with the credit bureaus quickly by adding her as an authorized user on one of your credit cards.

@Brian Loibl FHA streamline is loan of last resort - Monthly PMI last for the life of the loan and the upfront MI you restart - NOT GOOD!