.- Maximum build size: typically 800 square feet or 50% of the size of the primary residence, whichever is smaller.

This residence features 3 bedrooms and 3.5 bathrooms, encompassing approximately 1,700 square feet of living space.

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

I probably can get 1500-1800 per month rent for a 3 bedroom, 2 bath (appx 1200 square feet) and can build for 174,500.

I remember visiting a buddy’s place in Austin years back..he had a similar setup over his detached garage and was convinced that adding a window unit and some carpet would let him count that space towards the home’s total square footage.

This will be a 1,600 square foot residence, 40 x 40. 

It goes over your floorboards.2. use small tiles (1 inch square or smaller) for the floor surface.

It is RS-50 zone requireMinimum Lot Size: 5,000 square feet.Minimum Lot Width: 50 feet.Setback Requirements:Front Yard: Minimum of 20 feet.Side Yard: Minimum of 7 feet on each side.Rear Yard: Minimum of 20 feet.Maximum Building Height: 35 feet.Permitted Uses: Primarily single-family detached dwellings.To have different lot size need neighborhood approval, I believe...  

Here are the details of the property:Property Overview:Location: Texas2 lots, 2 warehouse buildingsFinancials:Mortgage: $4,897/month (balance: $530,000)Insurance: $830/monthProperty Tax: $1,800/monthBuilding 1:1 tenantRent: $7,570/month12,000 square feetBuilding 2:3 tenantsTenant 1: $2,850/month (5,000 square feet)Tenant 2: $1,793/month (2,500 square feet)Tenant 3: $895/month (1,250 square feet)The property was appraised for $2,200,000 three years ago.Given the current rental income and expenses, the cash flow is decent, but my family friend is looking to explore options that could potentially yield better returns.Would it make sense to:Sell the property outright and invest in higher cash-flow opportunities?

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