Sometimes it makes me sad to look at old the old neighborhoods in Detroit that were once so coveted.

There are a few options that are currently on our list:- Buy another townhouse- Purchase a property in old town and renovate- Build a new home with an accessory dwelling- Purchase a newer home and have an accessory dwelling addedI work as a DBA (Database Administrator) so I like going through the details.  

Moisture resistant drywall will be used in all wet locationsAll ceramic tile will be installed on 1/2" cement board or a concrete PaintNew Switches, Receptacles, GFCIs and cover plates to codeHardwired smoke detectorsCarbon Monoxide DetectorsBathroom: Install Ceramic tile on walls for tub and floorInstall new pre-hung 6 panel hollow core doorNew Toilet with ring and supplyNew Vanity with faucet, drain and supply linesInstall new light fixtureInstall bath exhaust fanNew medicine cabinetInstall New TubBathroom Accessories (Toilet paper holder, towel bars, etc.)Bedrooms / Living room:Install new pre-hung doorInstall all trim ( Door Casing, Base, Shoe)Install Flooring material (Carpet, Hardwood,Laminate )Install New Light fixtureInstall Closet door (Type to be decided)Kitchen:    Install Ceramic floorInstall New kitchen cabinetsInstall Counter top (Granite/Corian/Laminate)Install New Undermount sink and faucet Install Ceramic backsplash with accentInstall Light fixturesInstall garbage disposal (if applicable)Install Dishwasher (If applicable)Install all trimInstall pre-hung pantry door (If applicable)All material types will be selected by you and installed by us.

For class A you have the location and then the buildings themselves.A class A building in the suburbs will not be coveted as a trophy asset like in the urban core for big institutional buyers as part of their overall portfolio.So even for class A the caps go higher in the secondary and tertiary markets compared to urban core.The rates vary really all across the country by deal size and type of product to market.

It's the only no money down program I have found that will do duplexes or homes with legal accessory apartments.

I'm excited to see what will happen with the new ADU legislation (accessory dwelling unit) that they passed and how infill developers will be taking advantage of said legislation.

The Accessory Structure detached cannot be a dwelling, and the Guest Cottage can be a dwelling but only unpaid, cannot be used for short-term or long-term rental.

The limitation is that we're restricted to a total of 1500 sq ft in accessory units that can be distributed over multiple units. 

The concept of an ADU is that it is an accessory dwelling on the Same lot as an existing home. 

Some cities in Canada have this strange rule where they do not allow accessory unit to be larger than 40% of total floor area.