FL, NY, MD, CA, VA, NJ, Horizon Bank, Kalamazoo MIHuntington MI 75% LTV 5 yr IO product available.

In general and for us in MI and a lot of other states a person in the home w/o a lease is a squatter. 

I am an acitive investor and agent in Michigan, broker in Florida but mainly invest up north for good cash flow and do flips in Florida for great profit. 

Michigan seem like a good 4 season rental market.

I am looking to buy my first single family rental property ($200-300k) in Southeast Michigan probably within the next year. 

.-75% of the rent amount less your PITIA and MI is added or subtracted to your DTI.

Joseph MI... and then moved his entire family to Kansas City to buy there.

You can find one by using Google or on the state of Michigan website, below is that link https://www.michigan.gov/mileadsafe/lead-services/hire-lead-professionalBoth your rental inspection and lead inspection must be passed before the city will issue a rental certificate!

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $189,000

Cash invested: $46,000

I bought this three plex in July, two units have long term tenants in place ...

@Evan O'Brien  1) yes you can  make a  one time payment for the mtg ins  versus  paying monthly ..this would  be  priced into  your loan  and this  would create the  fees/ rates to be  higher  2)  Most  programs  will not waive the MI for first time  buyers ....but  you might check with the smaller  - mid size  credit unions and banks in your area to  see if they can offer  a  special  program that  might allow this