Thanks all,Hi Matt, here are a couple of other options on a DSCR loan for a 30-year fixed.

As someone who has lived here for the last 2 years, I have been in impressed by the amount of investment going in and around the downtown areas, much more opportunities to come in Detroit!

The inspection let's me know if there are things I need to go ahead and fix.

I thought I was doing very well because of the large amount of equity I have built up.

It will be used for damages, including the ones they've already done, and damages that exceed the deposit amount will be billed to them.  

I'm hoping this is a good forum for this question...I'm starting to look at fix/renovation for my condo, wanted to see if anyone has good contractor / tradesmen recommendations?

Tenants are billed back and split evenly ONLY a portion of each utility over a specified amount.

So, they do a 1031 exchange which allows them to sell and buy replacement investment properties but within a limited amount of time.

Other options are a hard money loan for the purchase and rehab.If you're looking to buy a property that's not move-in ready: You can get a fix and flip loan for an investment property with up to 90% of the purchase price and 100% of the rehab budget with up to 75% of the ARV.

Ideally, I’d like to buy it, and fix/update both sides at the same time for ease on my end.