When you said it came as runnerup, what criteria have you used to select it.  

The one you select really depends on your needs and bookkeepers preference.  

Quote from @Amy Smith: Be careful you don't get in too deep.

Pros - guaranteed rent, tenants stay longer on averageCons - more mgmt needed (lease violations), they tend to not take great care of properties (increase maintenance expense or deferred maintenance)

I personally used a 40k ADU grant with CALFHA HPP Cares that covered a chunk of the cost.

Still have to be careful though, with the block-by-block challenge, depending on the Class of Neighborhood.Also, be sure you understand the difference between the City of Detroit and the suburbs!

And there are landlords who only care about maximizing profit and nothing else.

I believe if your mother-in-law runs out of money that Medicaid will step in and pay for the nursing care.

Most work with us, some do not.Be careful also as they may tell you to keep their security deposit as last month's rent.

And a good property manager will take care of day to day, but you will still have work to do.