I have a YouTube channel I just posted a deal we are doing on if you search pink development you can see the lot. on my triplex I don't build a garage so every sq ft is appraisable. on my single family we have to build garages most of the time unless it's our micro home 700 sq ft that we sell for under 200k. the rent price / sq ft of SFR even smaller ones is maybe on average $1.70, on our 650 sq ft floorplan it's closer to $2.43 which is about 40% more efficient. supply and demand. very few multifamily built, higher appreciation, etc. most of the people who do them refinance why go through all that effort just to sell. appreciation in columbus last 3 years averages 8.65%. we only do this in 3 zip codes in columbus close to the urban core where new construction values are about a 15% or 20% premium and where there is already a lot of multifamily and it's easy to get them approved on an infill lot. 

I'm experienced in residential real estate but green when it comes to commercial investing...my brief research last night made me come to the conclusion that I can't afford a decent STNL property (was looking in the $2M range).

I invest there myself quite a bit (just bought another duplex last week) and do a ton outside my own portfolio as well.Definitely take the time to understand the market or interview several teams before working with anyone.I'm happy to shoot you some Detroit specific resources that would help a ton.

I kept all the rent collected and deposits in a business account but I did pay the mortgage out of my personal account up until last month.

It's possible you could find one but over the last 18 months DSCR lenders have switched to 12 months. 

By the way: you can prove continued use if there have been leases in place for the past 3 years, utilities on and paid for for the last 3 years as well.

But the enrollment phone call feels a bit like a timeshare seminar.

We sold a Triplex last year for $505k and a recent Duplex for $421k+/- both received healthy seller concessions and planned to be owner occupied utilizing rents from the other units to reduce their costs of living.

    - fire or burglar alarms    - underground tanks (active or inactive)    - knob & tube or aluminum wiring     - fuses5. what are the years that the Roof, Electrical, Heating, & Plumbing were last updated6.

The wise move would be to get on the phone with him and ask him that question directly, and if the answer is complicated write the answer down and repeat it to him ensuring that you understand it.Good Luck!