I am asking this because, where I live, this is not an issue and I am not quite sure how to deal with this properly and how are the regulations in Detroit for this specific issue in terms of who should pay for this.Also, if anyone could recommend a pest control service in the area for this and/or how much they normally cost, it would be much appreciated.Thanks to all!

Kaybreh-There are several things you can do to lower premium however you should look at what the lender is requiring in terms of coverages. 

This to me would be the least stressful in terms of finances, but you’re restricted to a salary.

What sorts of options should I be looking at in terms of debt? 

In terms of immediate next steps, here are a few tips- Get prequalified for a loan- Develop/steal/borrow a template for analysing deals- Like @Edgar Rodriguez said, analyse a lot of deals, get used to crunching numbers every day- Don´t let any earnest money go hard without getting a full inspection from a licensed professional - Avoid "heavy lifting" on your first deal or two.

In terms of immediate next steps, here are a few tips- Save six months of living expenses and put them in a separate account- Save your down payment for the FHA loan and reserves/expenses for your first rental in another separate account- Get prequalified for a loan- Don´t do anything hasty between getting preapproved and buying (like getting a new car or changing jobs)- Develop/steal/borrow a template for analysing deals- Analyse a lot of deals, get used to crunching numbers every day- Don´t let any earnest money go hard without getting a full inspection from a licensed professional- Utilise but don´t overestimate your DIY skills.

It is not set in stone but I figured it was a good time to explore my options in terms of where to live.

Unless we go to a new system, and some state or government took possession of all real property to fund US debt, and private property ownership went away.If the dollar crashes, real estate becomes more valuable in terms of less valuable dollars, not more valuable in the absolute sense.

I now see what you mean in terms of an "Advance" that would then require a minimum payment. 

Sewer is a function of water and can be treated similarly.You can probably agree to split trash 50/50 as that is probably the easiest of them all in terms of allocation.The hard administrative part is how to collect all this from your tenant.