@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.  

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.

Open to insights from anyone with experience in the area – looking forward to building valuable connections here and achieving great results together.Thanks in advance to all who can help!

I wouldn't move forward with that being your only target for a sale. 

Target free and clear properties and market to them through whatever strategy works best for you. 

This might seem obvious, but as I’ve shown in my previous examples, some people end up bidding on keywords that are completely off-target.

To use the BRRRR method, target 2-4 unit properties, look for emerging neighborhoods, network with local contractors, factor in property taxes, and work with an investor-friendly agent.Good luck!

What kind of hold period do you need to achieve the 16% IRR  while you are earning the 7% monthly rate?  

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