Credit Union also has some great loan products for non-owner occupied homes.Have fun!!!

If unsure, always consult a CPA for proper guidance and tax strategies. 

But as with anything, with proper management and teams in place, you can really buy anywhere for the right price. 

Unfortunately in my situation I just can't afford for now but in maybe 3-5 years I am sure I can work hard and make it profitable again by adding new products, add more service ..etcSo instead of worrying that the banker will knock on door and found out that I was no longer there. 1.

So lets dive in and get you up to speed on what's happening; I am currently deployed overseas until mid 2019 with a substantial amount of cash saved up and want to put that towards proper investments while I am away, so when I return home real estate investing will be my sole focus.

I don't do anything in downtown proper, so unaware of any alternatives for people who are into that scene.

I’m assuming that would make a portfolio loan from a local bank the next best option.My question is: Would they have a commercial loan product available to a new investor with only one property or would they only want to talk if you already have a few properties under your belt.

Here's some questions I would recommend asking when interviewing a lender:What is the difference between the "Full" and the "Streamline" 203K product?

Hi Meredith,SFRs in Ann Arbor proper are an appreciation play. but cash flow in the surrounding areas can be great.

Lets use this amazing platform for what its worth.Thanks for reading Michael ArreolaThe finished product.