Meanwhile, I'm talking to this guy and he said in his other property, the little old lady paying long term rent, moved out, and within a week, the neighborhood people had broken in, had a party, broke most of his doors, stolen all his copper and HVAC, etc.

Working a couple of deals there and looking to expand would like build relationships with a few key people there.  

I see for Fannie Mae, investment properties, people can do as low as 15%.I'm wondering if rates are significantly different for 25% vs 20%.

They seem to have some successful students.I expect just like any other real estate niche, it is not as easy as some people have made it seem. 

If this is true, I would also focus on the types of people that would be helpful in the transaction. 

Please LMK if I’ve missed a task that you find yourself needing help with. 

I don't mind renting to lower income people and I don't mind if the neighborhood is all one ethnicity.

Hi @Josh Walker,Your lender local to Detroit must be using some homeowner's insurance premium "shouldn't come in higher than..." assumption(s) to qualify people because HOI is part of DTI.

They likely missed their deadlines or the tenant is an expert at gaming the system.

People need to eat and pay rent.