Purchase price: $75,000 Cash invested: $600,000 Sale price: $269,000This is my largest new build development to date.

I would check and see how many 1 bed and 2 bed options there are and what they are priced at because most folks will prefer the full place to themselves so rooming 2 people together could make getting bookings a bit more difficult (not always the case but something to consider)

You can also assess a dollar amount that you value the cost of these requests to be, and ask for these as a discount from the purchase price or a concession to you for closing costs. 

Does anyone have a "program" or formula to use to establish a reasonable list price based on current income and expenses.

Detroit stands out because of its affordability, strong rent-to-price ratios, and a market that’s seen steady appreciation over the last several years.

If any of the houses are in a good enough shape to still be usable as rentals, you would sell as a rental property as that will get you a higher price.

Loan Amount 110kCurrents Rents $1,375/moMarket Rents $2100 5 bed 3 bath Happy to look at pricing for you with additional details.cheers!

Get your copy at the best price ever, right now here!

What are your thoughts on the market now, post-covid and with rentals/prices at a significantly reduce price from last year?

AND prices have come down a bit in the last few years.Get a good grip on your personal spending and CUT BACK on everything for a couple of years.