With no proof required.  

.✔️ Your house hack is more than a 2-unit property and requires more oversight.✔️ You’d rather pay for peace of mind and legal compliance.Final ThoughtsIf you’re house hacking a small multi-unit (like a 2- or 3-flat) and are comfortable being hands-on, self-managing can be a great way to save money and learn the business.

I’m hearing they require higher down payments though.

I think I will not let him make this upgrade as a 5 year payoff would require over $100/month additional rent.  

I understand that starting out, depending on how fast you want to build your portfolio, you could spend a lot of time at it.For those with established investment portfolios, how much time is required to maintain it?

Pretty impressive Johnathan,As you stated, the majority of your spending in Detroit has been turnkey properties that required very little work. 

Both turnkey properties and properties requiring minor rehab can be viable options.

Only a few simple documents are required, including a valid passport, birth certificate, and proof of address.

I am sure that there are folks out there with banking relationships where the banker would require zero down.

Some states will give the underlying land while others will give the land but expect the newer owner to compensate the old while still others would require the owner to compensate the person who performed the value add.