No, if you want a low downpayment you could buy it with a FHA loan and live in one of the units the first year. 

Can anyone provide some guidance on how to get started with investing in land and new construction projects, including key factors to consider and initial steps to take?

Our goal is to provide tenants with some suggestions as to how they can arrange for new ways to locate their things (storage facility, city yard sales, arrange for hauling service, etc.)

In addition, they told us they provide a liquidation service so you could pull out up to 90% of the limit.

I have been using Tenantcloud to manage my 40+ units and so far I was satisfied from the features they provide for $144 per year.

I'm in the Metro Detroit market and would be happy to help guide you through the city remotely, provide you with resources and answer any questions you may have.Feel free to reach out anytime!!!

My mission is to identify and invest in properties that can provide affordable housing solutions, contributing positively to the community and helping alleviate the housing crisis.

Michael,You have a few options for one you can get a personal loan up to $50K to consolidate highest payments lowest balances to help DTI.

I would love to connect with you and see if I could provide value. 

He also said insurance and taxes can be too high eating DSCR loan with current rate and I will make less money than Ohio and Kentucky state (example).