MTRs do have higher turnover than a typical LTR (usually between 2-4 times a year), but since most MTR residents treat the space well and since there is less moving in and out of furniture, it is not uncommon for an MTR to actually have less wear and tear over the year than an LTR (and a lot less than an STR), Arbitrage for the MTR operator has its own sets of pros and cons, but I just wanted to address the question of why would a property owner ever want to allow an MTR in their unit. 

Detroit can be tricky to analyze, and some deals that look good on paper might have hidden pitfalls (taxes, rehab surprises, etc.).

For example, when I take on a rehab I typically deposit the budget into a separate checking account solely for that rehab and pay all the rehab expenses from there making it easy to identify in my bookkeeping.

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

I do not remember the numbers but this property obviously needed full rehab.  

Hey Jose - here is my unsolicited two cents :)1) KISS (Keep it simple stupid) - could you set up a new email address and direct all inquiries to that?

Exploring wholesaling and land investing is a great way to break into the industry, and your focus on value-adding strategies and modular housing shows you’re thinking creatively about how to address market needs.Your entrepreneurial background in auto detailing will definitely serve you well in real estate, especially with your attention to detail and perseverance.

HELOCs are great for shorter-term investments like flips or rehab on a BRRRR project.

I think it can be profitable for seasoned real estate investors who have both the time and expertise to make sure their rehab project stays on budget, but I definitely wouldn’t recommend biting off more you can chew and doing BRRRR for your first deal.

Who was helping you with your numbers on rehab costs and ARV?