We are counting on Detroit's recovery, and hope to be a part of it, by bringing life  into an area with a dwindling population... by acquiring a multi family residence... 2-4 units, and renting it out as affordable housing... so those with low wages or measly pensions can have a place to stay. 

As a result based on your response, I do not think it would fit under this criteria and be treated as a regular FHA loan with 85% LTV and 1.17 DSC.On the other hand, for agency (Fannie and Freddie) deals, if the rents are what they consider affordable for the area that business counts as "uncapped" and typically has better terms even without LURA and other restrictions. 

I have a three day grace period but still count lates unless notified on or before the first.

Let's also assume that the LLC owns 1 million in multiple real estate properties with a loans of 500K, which yields a cash flow strean of 60K per year, not counting loan pay down or appreciation.

I would not count on a lot of upward movement from here on out though I think many markets are at the top.. demand is still there no doubt but we are seeing push back on raising prices anymore.I also bought 11 New constructions in the mid 2000's for go zone bene's  and I had them put in scored concrete floors and they were brick homes.. other than hail damage these have been worry free .. the Go zone tax bene's sunseted on the recapture so I am selling them all.. they never went up and I am breaking even.. which is pretty good since I bought at almost the peak in 2006 ish.I read you other post.. your issues as is all issues with rentals is in PM it looks like and maybe you did not pick the more expensive less headache properties its common for many to pick the one's that look best on paper but then you soon realize they only do because they are not in the greatest areas.As for your Dallas stuff  TAX's and foundation issues just eat your lunch in Texas..

That is not really significant but unless the trend reverses I would not count on appreciation in either of the neighborhoods you mentioned. 

Since these animal are not counted as a "pet" a pet fee cannot be applied.

(Not counting capital infusion to get it rent ready.) $150*12 months /155k down. 

Equity does not count toward income until it is pulled out.

Well, make that 2 years and 2 months but who's counting.