Contractors like what is being described are simply not going to pay double or triple because of financing. 

Quote from @Daniel Stegelman: The apt. complex has unit has six 2 bed 1 baths and two 1 bed 1 baths.

I am looking at a few 4 bed 2.5 bath no HOA properties in pflugerville that I would like to convert into to 8 bed 3 bath properties. 

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

We are planning to build a 2 Bed/2 Bath 750-1000 sq ft detached ADU.

It can make a double shot in a couple of minutes instead of having to wait for the boiler to get up temp like ours (10 minutes or so).

Why double-dip?

Otherwise, you just doubled your learning curve as loan servicing and portfolio management is another field.

An uneven is say a 3 bed, 1 bath, over a 1 bed, 1 bath.

They work in every area and a 2 bed, 1 bath does not take a lot to furnish.