FHA loans are designed for low to moderate income borrowers who are unable to make a large down payment.

- owe $50KInvestment Property 3: Indiana - $47K SFH- rent $950/mth, Cash $27 (wife&I) + Personal Loan $20K (Discover Loan 6.99%) (wife)Step 1: Investment Property 1 and 2 Michigan: Cash Out:  (Huntington Bank) will do 70-75% of both properties, cover Closing Costs since they qualify for LMIT (Low-to Moderate-Income Tract).

I am sure that it is a good cash flow market and moderately to low priced homes. 

Moderator Note: Deal making is NOT allowed in the regular forums.

Personally I don't look at it as an all or nothing choice. i believe in borrowing at conservative levels to moderate my risk but grow faster than I can with all cash. 

Looking in the area, the properties on MLS need some rehab and not sure how much to budget typically for light to moderate work.

I bought a 1926 house in a neighborhood where I am restricted from manufacturing or selling alcohol.

I'm doing this to get some first hand experience in house rehab since I plan on buying a moderate fixer-upper as my first investment.

If the federal gov't says you can't drive with a blood alcohol level over 0.8, and the state you are in says it's 0.5, then you are bound to the 0.5 standard while in that state. 

A mobile or manufactured home in a land lease community if far more practical and affordable but practical and affordable does not appeal to dreamers.There are some moderately successful communities buy it is a very tiny market that will have a very uncertain future.