The pain of never trying, the pleasure of succeeding, the pain of failing, the pleasure of the safety of never trying.Pain is good.

My question is about financing: should I put the minimum 3% down and obtain and FHA loan and therefore pay mortgage insurance, but have more cash on reserve for safety and future investing?

My plan is a live-in-rehab/house hack.My question is about financing: should I put the minimum 3% down and obtain and FHA loan and therefore pay mortgage insurance, but have more cash on reserve for safety and future investing?

If you have the option to continue living at home, you can see if foregoing the first time homeowner benefits are worth it if you could instead collect more rent for the unit you wouldn’t be occupying (by more I mean that the potential rent of that one unit outweighs the benefit of first time homeowner benefits).Personally, I prefer Multifamily homes over single family homes because it gives you a safety net in case a unit is vacant - at least you have the other unit(s) producing income.

I found some promising properties in the area, but im concerned with the crime and the level of safety in the area. not so much for me, but how it also may affect my ability to fill my place with good tenants. there are some new houses near the property I am looking at, but its hard to judge the neighborhood after one to two looks. after an intial online search, the reviews did not come back as promising on the level of crime in the area, but i don't know how old those stats are or where exactly they may be pulling from. 

I almost landed a job there as an environmental health and safety specialist.

The entire edition may need to be removed.Note, one of the ADU regulations basically provides forgiveness for non-safety critical additions. 

It is a hot spot right now because of economic development, foreigners moving there to launch businesses and to live for cheap, and an increasing in safety.

Open questions:*Other side seems to not have any damage aside from some smoke, however, I want to ensure safety of tenant what can I do to help ensure this?

That margin of safety, combined with great yield, make it hard to lose in a market like Detroit.