It also depends how nice it is compared to the other options out there.

Closing Costs – Remember to factor in refi fees and how long you plan to hold the property to determine if refinancing will save you money overall.Since you mentioned owning the property for only a year, your equity might still be limited, impacting your options or leading to higher costs.

It's very user-friendly, low cost and allows the option to add team members to projects and tasks. 

You can always do it with your own IRAs, however your employer's 401(k) may or may not have such an option.

I would be OK with doing a single family and then renting the rooms if that was the only option.

Both still have value, but you have to know you are looking at third or more serving options in these places.

@Nathan Frost typical for Detroit, that's why we offer our clients several security options, including removing & storing mechanicals when vacant and then reinstalling day tenant moves in.What makes you think the seller will install new mechanicals?

The options are:1. you could get it from investors but then you will need to use an SEC exemption2.

The other option is a water supply line, but that would typically resulting a steady leak and the damage would occur faster.Really think about what is above that space that could cause the issue.

Most are looking for an option to find a property quickly that they can identify and close.