I would need 2 meters per unit, for a total of 4 ($3200 at full retail).

There are 8 total rentals each are 2br/1ba.

So now you have a total of 3.5 hours at $65 (cost to the PM owner) plus $12 for the special light bulb.

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: 5-12%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.

There are obviously a lot of nuances. 

Other than the obvious "makes me $$$$". 

Simultaneously, if this vacancy is a high percentage of the buildings total SF, I would market the property for sale to an owner-user who may be able to fill the vacancy at preferred rates while gaining investment income off the other tenants.

I rushed over and when I got there I found about 20 couples, all obvious newbies....the comments I overheard were - "I don't like the color of the walls in the entry"...."

We also don't like to be too heavily indexed in real-estate in our total net-worth.What would you do?

Totally get where you're coming from, I was priced out of Portland OR before I moved to Columbus OH.