If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.Here’s our OPINION for the Metro Detroit market (always verify each area for yourself!)

Again, you will likely need a key principle to co-sign your loan (typical financial requirements are 10% of loan balance in liquid assets and 1:1 net worth to loan balance), but Fannie and Freddie are both well versed in lending to LLCs where the GP has minimal capital personally invested in the deal.  

Happy to connect and share resources in the area. 

They are quite similar but do have some obvious differences.Most title insurance companies have resources online but currently I think Stewart Title has the best publicly-facing database of information about how these policy forms (and requirements, exceptions, endorsements, etc.) and local laws all interact at Virtualunderwriter.com. 

By doing so, we have made several of our investor friends financially secure & some also opted to retire early.

@Troy Welch,I recommend finding an accountant that specializes in real estate taxation and financial planning.

Educate yourself and prepare for the worst-case scenario before the problem actually occurs.Here's a resource: https://www.kickemoutquick.com/MEMPHIS_TENNESSEE_EVICTION_PR...Read up on that, understand it, and then start taking action.

HelloIn the early 90's I had been working in construction and it had been drilled into me that real estate was the best way to financial freedom. 

Additionally, they've agreed to pay $200 more per month than our current tenant, which is an offer that aligns well with our financial objectives, even as we plan to adjust the rent upon renewal for the existing tenants.This MTM arrangement also perfectly aligns with our plans to make improvements to the property.

To go even further, virtually anyone in real estate ought to find the prospect of more people, at least from a financial point of view, highly desirable.