I also have connections where I source wholesale deals and pocket listings. 

For properties under $300K, you can definitely find okay options in these areas.

There are plenty of investment opportunities in the Detroit area as well which have the potential to offer immediate value, so I would weigh your options with care. 

Note both of these options require paying the tenant to vacate for a no-fault eviction (terrible name as if lease is up it is not an eviction).Note terminating a lease agreement for the purpose of rehabbing the unit is under attack in some places in the county. 

But of the options you note, the only one that really makes sense to me is the CoC option. 

Also, we have very competitive non-qm options that will allow you to avoid the overlays given when going with a GSE loan while also offering comparable rates.

You would have a smaller discount, but would have little to no out of pocket annually.

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

IMO better options- If you don't need the money in the next 10+ years look into Annuities I'm seeing 7-9% and you don't have to participate in market downturns.

Hi Bigger Pockets Community!