At 70% LTV this left 10K in the deal and achieved a 14% CoC.

Build a strong network of lenders, partners, and contractors to achieve your goal.

In the past, the Department of HUD targeted S8 rents to be at the lower end of a rental market.

I don't want anyone figuring out my net worth, getting mad at me for something stupid, and putting a target on my back.I have a friend that has twice as many rentals as me and he owns most of them in his personal name.

Note I have no illusion that this path will create returns close to equivalent of what I used to be able to achieve via brrrr (I have infinite return on most of my existing portfolio) 2) sophisticated partition via coop/Tic and maybe CA SB9 on my OO.  

What are you looking to achieve with REI? 

@Daniel DeBruin, this is really all market dependent and how much you want to spend versus how much it will impact both the rent you can achieve as well as the quality of tenants it attracts.When it comes to design, it is all a bit personal opinion, but I will say: contiguous flooring always trumps mismatched, hodge podge flooring.  

There are a few dozen houses with my target number of beds/baths/sqft that have been listed for rent on Zillow for 2+ months with 0 applicants.Is this normal or is it a sign that's there's not enough demand for rentals?

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

A duplex in the $100-200k range with a target CoC return of 8-12% is definitely within reach, especially in some of the emerging neighborhoods.In terms of areas, you might want to explore neighborhoods like Bagley, East English Village, and parts of Grandmont-Rosedale.