I like the idea of a newer 4plex but they just don’t exist in my market.

A few other houses (all single family houses) on the same street are on the market for rental and they (including my house) all get grouped and nestled under one cover listing as “units” of an apartment complex.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

.; and capital to pay for options, marketing, legal counsel, accounting, tax advise, etc.  

Try creating your own list.For pre-foreclosure, you want to market to them.

You’ll pick up so much just by listening to people who’ve been through the highs and lows of the market.

Do this quickly because some counties have a time limit on when you can appeal.I recommend you research the market for:- Comparable Property Sales- Condition of your property, including anything that may affect your property's value- If you are really serious, an expert appraisal may be worth the effort.

Ensure your contractor has a clear timeline, keep extra cash reserves, and start marketing your rental rooms early. 

==========================My relative is asking if this is a viable way to legally avoid having to pay taxes:STEP 1: SELL PRIMARY RESIDENCE (House A)-Sell primary residence to son-in-law for cost basis + $500K-File gift tax form for difference between sale price & market value-Not pay capital gains on $500K due to personal exemption.STEP 2: SELL RENTAL PROPERTIES-Do 1031 exchange and buy House A back from son-in-law-Rent out House A for 1 year before move back in==========================Thoughts?

Detroit is a market where local have a strong competitive advantage over non-locals so you want to use that to your advantage.