I am currently in the market to purchase a tri-plex with the plan to live in one unit, make upgrades, and rent the other two out.

HiWhen we started out we bought a multi family property and lived in 1 unit.  

The units were dirty, messy, etc. 

Investment Info:Large multi-family (5+ units) buy & hold investment in Bryan.

Rents are high in this town and I think folks just don't sell their multi-family units very often.  

Let me know if you can be of any assistance. 

I just turned over a unit in middle of August.

You should consider getting the most units (that can rent for the highest) for the best price.

Using AI ;-) the answer is ""Detroit has approximately 102,330 vacant housing units, which is 28% of the city's total housing stock."

@Albert Gallucci as many have pointed out, in the commercial space of 100+ apartment buildings and offices, property classes have some pretty decent industry standards.We started applying these to 1-4 unit properties around 10 years ago, which you can verify on our blogs, because we saw too many newbie investors not properly taking into account things like, neighborhood status, tenant pool, property condition, etc.Unfortunately, there's no industry standard for this, but you can use some basic logic to think your way through your own Classifications.