My current mortgage is 6500 a month including MPI.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Everyone thinks they can paint...BSA good professional painter will make or break a high-end project....Newbies - Do not let your tenant paint your property!!

Linda  I dont bother, most of these including mortgages are wiped out when tax deed issued as long as county does proper notifications.

March and April are higher rental weeks because of school spring break schedules.  

There are cons with condos however, including HOAs, less likely to appreciate, etc.

Consider the diverse financing options available, including 30-year mortgages, fixs & flips, cash-outs refinance, ground-up constructions, And commercial properties?.

I would opt for including a desk in the second bedroom.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

Lol, ozone machines are great, but chain smoking in a house is a carpet, pad, seal coat on the subfloor, full paint including ceilings and at that point you may be good.