There are good affordable suburban neighborhoods right outside of Detroit as well.

Originally posted by @Jesse T.

@Jeff T.

Home Prices Are Surging 13 Times Faster Than WagesSource: BloombergIn yet another troubling sign regarding the affordability of homeownership, new data shows that the growth in U.S. home prices is beating wage increases 13 to 1.

If something goes even a little awry that affords a 1penny difference in the second transactions numbers a 3 day notice (new rule) to the actual persons involved would need to be required to allow their review of the new figures...

Uber/Lyft might be a way to get into that sort of advertising in a smaller (affordable) way. 

As well there are municipalities that really don't give a s**t about LLC's and they go up the chain of ownership and as soon as they find the first human on the papers, that's the guy left holding the bag. 

However, the significant difference is that if the market crashes while you are in the middle of an apartment value-add project, you will likely experience a lot of difficulty and even a loss of the project, whereas with MHPs the project will likely continue as planned and can even get better due to increased demand for a more affordable living solution.  

What are the pros/cons of the following:Owners home: FMV $200k, owes $130k, house is in decent shape.Owner loses job, can't afford to stay, going into foreclosure.I buy the house from him at what he owes and allow them to stay for 1 year NO CHARGE to them.13th month, the rent begins at $1k (FMV) per month.

Alex check with M&T bank about a commercial loan.