., a large upgraded kitchen, two living rooms, ample parking, and a private backyard, the home is set for completion in May 2025, with leases starting in August 2025.

Quote from @Lawrence Mitchell: @Jaycee Greene  I'm looking to obtain insight about single family homes and potentially elevate to multi-family properties.

They also have a home vacancy tax in a lot of areas which applies to short term rentals. 

Tiny house thing doesn't make sense to me btw because tiny homes aren't really good for appreciation, maybe only for cash flow.

I am curious if there is anyone else in this industry operating any senior living homes?

My husband's family is from there and we go visit them often from our home in the suburbs of Minneapolis. 

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: 4-12%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.

When it comes to insurance displacement, it's like a lottery ticket as you'll need a home that matches the guest insurance policy coverage ie.

There are no other Chargers.As for real estate, I'm a partner with SunnyNest Homes, LLC.

There is no home built on the property, and it is not zoned to have a property.