Protect your investment and reputation by choosing a more reliable and respectful partner.Avoid Evolve at all costs.

It used be a more common way to implement the equivalent of zoning standards before zoning was a thing. 

I would do the renovation myself and I expect rent to be around $1,100-$1,500 per month.2: I try to get into flipping a home in a more affordable area of Detroit.

I've asked this question many times to BP community members I've connected with and have yet to receive a sound response but I will ask you the same question: Why do you feel its necessary to operate with a more convoluted web of entities than a real estate company that owned and managed a portfolio that exceeded $1B?

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

The unfortunate truth about cheap properties is that a hot water heater and a roof still cost about the same as a proprety in a more expensive areas so your repairs/vacancy/capex is going to eat up a larger % of the gross rent than a more expensive property even though the $ might be similar.

Further rate cuts in 2025 could usher in a more substantial boom akin to the market resurgence witnessed in 2012 and during the tail end of the Great Recession.Opportunities on the HorizonThe CRE market is brimming with pent-up demand and capital.

Instead look at the total return and rank them that way for a more comprehensive list of your properties. 

I believe the $120K is at the lower end of the hands-off cost range and a more expected cost to be close to $140K and more if the garage slab needs significant effort to be usable for the ADU. 

This can be a more cost-effective solution than having separate water heaters for each apartment.