FHA Loan (Good if You Plan to House Hack Again)Pros:Low down paymentGood for maximizing leverage early onCan allow you to keep cash for renovations or future dealsCons:You must live in the propertyPMIFHA limits can hold you back depending on market pricesThis makes sense only if you’re open to living in a new property for at least a year.3.

https://www.cnbc.com/2025/11/05/in-a-volatile-week-for-inter...Mortgage demand pulled back last week as rates swung wildly, starting off low and then climbing sharply, rattling buyers.  

I’m seeing a range depending on credit and experience. Curious what you all are observing in your market.If you’re comparing lender terms for a project, I can help break them down.

@Austin Johnson I think turn key was easy when interest rates were super low and real estate investing was easy.

Last year was the first time I have ever lowered rents so as to limit vacancies.  

For Detroit properties specifically, the city assessor is aware that Detroit has the highest millage rates for rental properties in the state.

@Yossi DietzWhat helped me and a lot of newer investors is having a simple buy box with area, rent range, rehab limit, and the cashflow you need.

I have gotten an pre approval letter from the bank for a mortgage loan, seeing that the interest rates are high right now, it's looking like my room for profit is limited.

Meaning you don't get any protection out of it while you have to deal with it, move the tile behind the back of the bank, because of a low interest rate residential loan - or you a higher rate commercial 5 year balloon - risky for its own reasons.You will probably disagree with me here, but personally I believe that if you start out and buy a 200k single family with 20% down the disadvantages of an LLC outweigh the potential benefits by far.

Depending on the lender, there's usually a limit on how members can be in the LLC.