There are other factors that determine what they will pay for your unit and the family who applies. 

You can look into the ATI exemption, but I dont know if it applies to vacation homes.

The same principle applies to real estate syndications.

This is just the nature of commercial loans. 

@Saul Clavijo make sure you understand you will be getting into Class C properties at those numbers.Food for though below, DM us to chat more about Detroit:--------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Always fix all water issues first before moving on to doing major repairs of a structural  nature.  

Another thing we like to do is offer a discount on second month's rent if you apply within 24 hours of viewing the apartment.

How do I know if this applies to the areas I'm looking at?

I'm particularly passionate about rental, fix-and-flip family and multi-unitsOutside of real estate, I enjoy nature photography.

There is a very strong effort to ban them completely from R1 zoned areas which has made it very difficult to apply for a permit unless you buy a house which currently has a permit in place.