Just a thought....sometimes you have to be a little creative....

I have one Sec. 8 (disabled) and the County is paying $1,300 for a modest one bedroom apt.

Also, how many bedrooms is the unit?

We have plenty of skin in the game on this deal, ie: 20% down and cash reserves on all 4 homes we own.Just trying to leverage the best I can with getting the next deal going.Am I missing something on getting creative?

If you need cash in the meantime take out some of it in a HML or go in with a HML.Just make certain the complex is approved for FHA - just in case.There are some more creative options going in if you are dead set on selling quick.

As you can see there are many creative and effective uses for the land trust, limited only by your imagination!

So twelve bed rooms total and I'm pretty sure 6 baths.

HUD limits to 2 people per bedroom, so for your 2-bd house, you shouldn't even consider families of 5+.Don't stop marketing until you find a tenant and collect SD and 1st month rent

I actually heard of a guy who focuses almost exclusively on 1 bedroom homes and rents them out to the elderly (mostly) and does very well.

Seems there are some good opportunities in MI, but I need cash or a creative stratagy to expand, seller financing looks a great idea but also I really like lease options but as I live out of country I don't see how I could find these deals?