You also have access to some nationwide programs, but they typically require a lot more money put into the deal than you have available. 

It's in HUD's charter to keep a mortgage insurance reserve of 2% of all outstanding FHA mortgage debt.Maybe a bit more than you needed to know, but it helps answer the second question.

I have never known someone with 3 outstanding VA loans. 

I was really hoping to get feedback about whether other investors are looking in the area and what they thought of the community's location as a deterrent to future sales.For me, I have to get an outstanding deal on the property to justify the potential long carrying period as the community digs out and gets back to normal. 

She does not make as much as my partner, but her employment is a standard, full-time, W-2 position, since ’07, her credit score is outstanding, and she has over $300k in cash/retirement reserves.

Since a Cert holder has to pay off All other outstanding cert.s along with 18%/year to the county to send a property to tax sale, the minimum amount here is likely a few thousand dollars minimum even on a low end property like this, which the OP clearly can not afford.

I understand I perhaps have one project (Single home flip) which I try to do during winter months so I get more competitive pricing.It would be nice to hear from more experienced pros in the Detroit area and nationwide how they find reliable contractors and hold on to them.

Now I understand that a QC deed is not clear title, since the bank has an outstanding mortgage on the property.

Between my buyers and my partnerships for quick flipping etc I have over 15k buyers nationwide.

Our application process is you fill out an application and pay the fee for credit and background check.If you have an eviction, or outstanding collections against you, we likely wont rent to you unless you.