Ugh.In all seriousness, I think for $50,000 with a 1200 square foot house in Michigan should be able to modest rehab.

I am a local agent, property manager, investor, and house hacker in SLC area.

Nice way to house hack!

Like any city, there is dilapidated housing stock in rough areas that can cost more to upgrade than they are worth. 

I also work with atheletes to find housing since I am a retired athlete myself. 

At event they had in Tampa in january he briefed selling a big bundle of houses to start paying back...his farms are for sale now or forecloser on them.

Even though interest rates are high, we have a big Mircron plant coming here as part of the CHIPS act so that could boost housing demand in the coming years.I don't know the SYR market, but I did a quick search for duplexes somewhat outside of the city, and found this: https://www.realtor.com/realestateandhomes-detail/7300-Lakes....

If my stories scare them (and they often do), they should NOT be investing in Detroit.But I'm equally tired of the narrative that these sorts of houses don't work as cash flowing investments.

I do a heloc on the house and I am the only borrower on the heloc.

The first house that I bought was 17 years old, 3 br, 1.5 bath, brick ranch house with hardwood floors, Andersen windows, ceramic tile baths, gas heat and a brand new roof.