The space is very crowded now, but overall I think they are a small footprint with corresponding risk.

Cap rates are very low right now because appreciation has been strong (which drives up prices without corresponding cashflow) and interest rates are down (which increases buying power per $ spent).Going forward, rents will probably climb as the inefficiencies in the market catch up, interest rates climb, and a greater percentage of the population is unable to purchase homes. 

@Andrew CasalUnless something is different in RI, I'd just ask the building inspector / construction department of the corresponding municipality. 

So, that's your first decision - suburbs vs City of Detroit.Suburbs are safer investment, city is riskier, but higher corresponding potential reward.Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...

If we end up in court will the judge see that this is in fact a "Just Cause" eviction based upon our correspondence and evidence and that I simply made a procedural error in not submitting the proper notice?

I have been using rehab grades (light, medium, heavy, extra heavy) with a corresponding $/sq ft. ie.

I would think they should be able to show paystubs for the year to date earning divided by her hourly wage to establish average amount of hours per week and then see if that corresponds to her W2's for the last 2 years and if they all match up and her debt to income ratio works, move on.  

The promissory note is almost useless without a corresponding mortgage to create a lien on the property.There's also no reason the title company shouldn't record it if done properly.

Hey MarkSince April this year when the Fannie Mae lender letter came out restricting correspondent investor portfolios to 7% of their total portfolio, lenders have increased rates to stem the flow of investor loans, but DSCR lenders have held fast on pricing (or even improved it) creating an odd scenario where a loan with significantly less documentation is priced as good or better than one backed by a GSE.You can do the DSCR loans either in your LLC or not.FoAC is really backed up right now, but there are others that are not with similar or better pricing.Get yourself a good mortgage broker that does these loans and they can point you in the right direction.Stephanie 

PMC's cannot get liability coverage on a property they have no legal interest in.If there's a slip & fall accident and corresponding lawsuit, the PMC is uncovered.The only way a PMC can be covered, is by being added as an "Additionally Insured" to the owner's policy.FYI - this has nothing to do with fire coverage, only liability.Regarding your other PMCs that didn't ask for this, were they adding your properties to their master insurance policy and charging you monthly premiums?