What’s great about the DSCR is if you have good credit and a lower LTV the rates are better than most conventional rates right now.Cash out is set at 75% LTV there are some 80% options but the rates in most cases are too high to debt ratio at the required DSCR ratio usually 1.00% or equal to PITI/ITI.

Some of these other options you listed are decisions based on how you want to live and how you feel about having strangers in your primary house and aren't something we can tell you to do. 

You'll have the option to refinance later when rates decrease, if necessary.

Would you consider MTR and STR as back up options?

Would you suggest hiring a company like Healthtrust to do the feasibility research for us or is there a less expensive option?

Once you add up the lost rents, damages, and increased liabilities this tenant brings you're better off starting proceedings now.Another option?

The better option is for the Seller to pay your closing costs.

I would change my tone with the old contractor and notice him in writing he's not welcome back to the property and you are looking into option to hold him accountable.

That seems to really restrict the buyer's options and avenues for closing.

They've made Detroit real estate investing a viable option for someone like me who values a hands-off approach.