A little more about my market, I am within 30 minutes of the downtown Detroit area in Michigan. 

Michigan Community Revitalization Program (MCRP) performance-based grant was used to help facilitate the construction of four new loft apartments and updated the ground floor commercial spaces in downtown Ithaca Michigan.

Michigan area info on what the average rate for hard money lenders are?

I'm looking to buy my first property in the next few months in MI and find that not many banks will do 85% loan to value.

HomePossible has no upfront MI premium and lower monthly premiums.As for the last part regarding only being employed for 7 months, I'd suggest reaching out to some lenders and seeing what they say.

@David M. I

I am from a suburb of Detroit, Dearborn Height, MI.

The interest rate pricing at 15% down is not as good as 20 or 25% down, and you have MI, but if you want to go the conventional route, you can put 15% down to secure the rental property.

@Amedeo M. I

Not a bad play since I am 10 miles outside of Boston, 1/2 mi from Salem State University, and 0.7 miles from downtown Salem.One day I thought to myself, "you know what, I'm going to throw the 1 bedroom unit on the market for $1,600 and allow pets to see how much action I get.