It commands $3000 a month and I pay the previous owners every New Year.

Get as many people to apply and then pick the best candidate.Lastly, the market commands the price.

I'm concerned that the neighborhoods may not actually command the average county/city rents so I'm not confident in my proforma calcs.Thoughts?

However, where I'm at in the Portland Oregon area I have 2 SF rental homes and they don't command that kind of rent.  

The market in which the property resides has a short season that commands strong weekly rentals.

It is also important to note which commands are at bases as a clue to their relevance and longevity.

I can't imagine the feeling of having that kind of technology and firepower at your command.

@Caleb Heimsoth as @Federico Gutierrez mentioned you're looking in a relatively solid area but the area North of I-71 East & West of W 130 is stronger and will command $925/$950 for a standard 3 bdrm 1 bath bungalow all day long.  

Let's just say outside of Ann Arbor I can make a 25%+ return on a flip and command higher rents once add value is complete. 

This is where the other water heater is, and will create some more space in the mud room.(3) The mud room has the service panels for both units therein, and has the washer/dryer hookups for the first floor unit.(4) The “bedroom” and “bonus room” are nearly useless as is, less than 70 sq. ft. each.(5) There is a trap door in the kitchen floor that provides access to the main water shutoff to the entire building, so this will limit flooring options.(6) The wall (and all those parallel to it) with the doorways to the two rooms is a load bearing wall.(7) The floor is sagging quite a bit, and I plan on jacking it up a bit from the crawlspace, but I don't want to get too crazy as the top floor is finished and I don't want to play havoc with the doors and their frames up there.The pics are a clockwise sweep of the kitchen, the first image shot from the doorway to the mud room.My goal is to improve the mechanicals and floor plan to increase the use and livability of the space so it will command a higher rent (prior owner rented this for $300 to the same guy for 26 years without an increase).