Reporting by concerned neighbors can be done anonymously online, which will prompt an investigation. 

No one will ever be 100% accurate with a spreadsheet, but I have to say that these numbers are... extremely optimistic.

Extremely helpful and constructive post. 

The best banks that I have found based on your main concerns are smaller, regional, community sized banks.

Sounds like it could be a decent LTR situation, but you answered my concern on if a STR would really stay booked enough to justify a purchase.

The problem (as you have cited) is trying to understand what you need (you don't know what you don't know), where to get it, qualifying its source(s), and the validity and usefulness of all that.Pardon me if I've gone into this too much, but I meet many people with the same concerns that you are voicing and this is offered, as much as possible in direct response to your post.Please feel free to contact me if you have any comments or questions. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

However, it seems extremely high risk as, to my knowledge, it is unsecured and only backed by a 'promise' to repay not any hard assets or relevant collateral.    

Some do not subscribe to Facebook, out of concerns for privacy.

After today’s experience with the extra “PM” fee tacked onto the already extremely high placement fee, I felt I had to say something.