Unfortunately no one is going to guarantee that they'll make you a loan; there are too many things that can pop up outside of the lender's control.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

However, there are some drawbacks to putting a rental property in a trust - first setting up a trust can be expensive and involve a lot of paperwork, the rental property may be subject to rent control and liability insurance may be more expensive for a trust.

The local area has similar homes without the land but closer to town with rent over our mortgage so I’m hoping it’s possible.

This means they will have practically complete control over whom to rent, how much to rent for, and how much to charge for repairs, etc.

Is there a way to stick the BC in some kind of escrow that is controlled by the lending institution so they can continue to cash in on appreciation and then they can cash it in at a later date rather than you doing it today?

Being in control of the contract, understanding the market you're buying in, and securing the right  price are the foundations of a solid deal.

Each town is a little different, some require you to do a landlord registration and/or will want to do an inspection before you put a tenant in (calling the town would probably be the easiest, or they may have the info right online).

It’s funny, I actually got started in a market not so different from Wynne..small-town flavor, fewer big-name franchises, but a lot of hidden gems if you know where to poke around.

The biggest issue I see is control of the thermostat.