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.

Have you gotten out of the original hard money loan or still paying the double digit interest cost?

There is a 4 bed room 2 bath home that I am looking at purchasing.

Purchase price: $72,000 Cash invested: $95,000 Sale price: $140,000 househack double What made you interested in investing in this type of deal?

Double check to see if that works.

BUILT TO RENT: New Modern Home for Investors in Griffin, GAGriffin Modern LLC is proud to unveil its first completed home in Griffin, GA—a 2-bedroom, 2.5-bathroom property that marks the beginning of an exciting new chapter in this growing community.

I only have one deal under my belt so far which was a double-wide house flip.

Hey Kenneth,If you get a market tenant they will likely consider it a bedroom and pay you accordingly. 

Quote from @Becky Donner: Hi, I am looking to expand my portfolio in Chicago by investing in two or three bedroom apartments and or multifamily.

Permitting for additional bedrooms and garage conversions requires compliance with zoning and building codes.