I recommend determining your set price point plus closing cost expense and then calculating what minimum rent would be required to cash flow the property. 

After that, I got a large dog crate and set it up in the master walk-in closet. 

Are you setting a one person per room limit? 

Its not a set price per unit or building but rather a percentage of income to debt.

I am thinking I'll have to set aside expenses to redo the wiring, plumbing, etc and bring them upto code. 

And a revocable trust which again no annual cost just initial set up.

I am curious, what changes did you do to your Pricelabs settings?

Your thoughtful approach sets you on the right path for success!

@Rita Medeiros close all holes, make sure there is no rat poop in the house, and you should be set.

The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Homestead versus Non-Homestead Millage RatesCounties & cities in Michigan are allowed to set their own millage rates, with one restriction – a primary residence (Homestead) is exempt from up to 18 mills of school taxes on their Homestead property.