You don't have to use all 600K, but I wanted to give you another option of what it possible. 12% returns with no headaches should be a part of everyone's portfolio. 

We want to rent out the basement as a one-bedroom apartment to defray the mortgage cost.

Perhaps that's Multifimly in Houston, Texas. 

He practiced that well and his son is now one of the largest developers in the country, if not the world.The nice thing for investors is that there should be a 2-3 or maybe 4 year gap in major apartment developments coming online. 

I was wondering if there's is any information about this group and what it is they do... and if it's worth paying their membership fees There’s a couple of members on here that are a part of or have been part of lifestyles unlimited.

Loss of income is another coverage that you will probably want to cover any period of time you can’t rent out the apartment due to a covered loss.

I invest in Detroit as well, and it's a city full of opportunities if you take the time to understand it.A couple of quick tips: Get familiar with the neighborhoods—Detroit is very block-by-block, and the difference in property conditions or tenant quality can be drastic just a few streets apart.

There are not any larger cities near by that offers more apartments to look into. 

Hi Katlyn, glad to have you as a part of this awesome community!

Many new investors claim to have analysis paralysis, but that's usually an excuse for either a lack of confidence (you need more meetups and more authentic relationships with other real estate investors) or shiny object syndrome (you want to house hack, but you like apartments, but also flipping, and what about storage).