Coastal cities might give you long-term appreciation, while places like Lakeland or Ocala can deliver better cash flow right away.

-Build a strong network in Detroit of real humans over a period of months, buy a better deal, hold it for 10+ years, weather early storms:  better chance for success.Even on that latter deal though, are you going to cash flow in month 1 or year 1 or even year 5? 

Better than buying a section 8 rental for 180,000 2000 miles away2.

Quote from @Jay Hinrichs: Quote from @Engelo Rumora: @David KanarekI don't think I have ever seen better investigative research than this.Hat's off to you and sorry for your troubles and everyone else's.Please don't investigate me haha Engelo as someone that has taken this kind of abuse on BP and SM  and lived to fight another day I think you understand better than most investors mind set and how they feel or attack if their deal does not go right.  

Hopefully they realize working with you and paying higher rent is better than moving. 

This implies residential units can be built at lower costs and provide better return than building a single ADU.11) adding an ADU to SFH can make the SFH fall under rent control.

The main differences are that you have more control, better tax advantages, and the power of leverage on your side.🌟 Pro Tip: Next time someone questions your real estate investments, ask them if they'd turn down an opportunity to buy shares in a company that:Pays monthly dividendsLets other people pay off their investmentOffers significant tax advantagesCan be improved to increase returnsCan be bought with 80% financingBecause that's exactly what you're doing with real estate!

Would a DSCR loan be a better option than a hard money loan for this project?

Putting 10%+ down with a different lender and getting lower points and interest is 100% better.

So better be prepared for another year at least with negative cashflow.