Above all of the negative news and reports, you'll be surprised to hear who made the top 10 best markets for real estate marketing.Despite jokes that you can buy homes in this city for less cash than a car, Detroit has seen a resurgence, boasting a 16.2% return on real estate investments.Thanks Bigger Pockets!

The rent you reported seem to be pretty high for a property in the pics.

My purchase price kept coming up wrong in report.

If I use my name to finance the purchase of the property, am I still able to report the acquisition, renovation, interest and other misc holding cost under the S Corp?  

Here's my credit report and tax returns [verified.]"

Also ask for a copy of the Depreciation Report and any building envelope assessments.

I am not sure of your DTI ratio's, but you will be required to count the full payment towards your DTI until you have 2 years of landlording experience (reporting on schedule E of tax returns), which could make it hard to continue the process right away without flipping a couple or being patient and getting to the 2 year mark!

I know some landlord report their home as home office to get partial deduction and depreciation of their primary residency.

The most efficiently do this is to outsource that vital task to a consumer reporting agency (CRA) that specializes in background checks and here is why:  A CRA must conduct Fair Credit Reporting Act (FCRA) compliant background checks.

Have a 3% earnest money refundable if you cannot get a mortgage after 12 months.Before signing I would do a property inspection report and be satisfied with the current conditionLastly, to prevent the seller from not paying the mortgage, I would use some kind of payment collection company like www.notecollection.comIf you do not have the 3% for the lease purchase arrangement, I would try to get a lease and a ROFR, A right of first refusal, so the landlord will not sell the property from underneath you.