We did some research on what multifamily mentorship programs had a good track record and joined one we really love! 

Yes, FHA does have the 203k program but, unless you find yourself a desperate seller, most aren't going to wait around 60 days. 

I say that because I have no control over the stock market, but I do self manage my single family homes.The absolute safest investment is certificate of deposits or savings accounts that are FDIC insured, but they pay sub 1% return.

Go to affordablehousing.com to learn more about their program.

@Sam Wilson it was always a dream of mine to become a pilot, after the military I found a program to help me achieve my certificates.

I’ve talked to a lot of them about first time home buying programs.

The Southern Nevada Water Authority has a landscaping program where they’ll reimburse the owner $3 per square foot up to 10,000 square feet to replace landscaping with water conserving plants.

I have a program in my area where my lender is willing to not use all of that if you have a 700 fico score and 20% down on a 100k house or more.

Are there specific programs that cater to this type of property/investment strategy?

If the tenant follows the laws, they can escrow their rent with the 36th District Court in Detroit until the property has a Certificate of Compliance (https://detroitmi.gov/departme...) from the city.