For this first property, looking for something in the $100k-200k range.

I care about collections, not just bodies in the building.

I am looking in the 750k-1.1m range with between 6-10 units.

You don't need the huge fridges and ranges untill you get to a higher price point IMO...

Quote from @Casey Wilson: Hi there, I was wondering if any Detroit-metro experts from the PB community could offer advice on what areas in the Detroit-metro area might be worth exploring for rental properties (ranging from single family homes to 5+ unit apartment complexes).

Quote from @Jaycee Greene: Assuming you pay asking price, I'd estimate the down payment for something like that using a hard money loan (HML) would be around 40% of the purchase price and your monthly payment would be $2,600 with an interest rate in the low 7% range (probably need a 700+ credit score to get that).

You can get solid cash-flowing single families in the 90-120k price range and duplexes in the 130-180k price range.

@Gil CanfuWith a $300k price range, you're definitely in a good position to find some solid investment opportunities in the North Texas market.

We typically pay somewhere in the range of $3500 for a new, basic furnance, including install, if there are no other modifications to the system required.  

What price range are you looking for?