It's based on the purchase price and will not include any improvements, reno, or increase in value since the purchase.

Is it based on days used for business, miles driven for business, or both?

The court forms do not track this type of eviction so based on your sophistication you may spend a considerable amount of time and if you are off in the slightest the court will withhold judgment. 

I think many others have touched base on a lot of important points such as price and seasonality.

Totally agree , and when a home inspector looks at a house built over 100 years ago and writes a report based on current codes . 

They will be one lease to a room.That being said, the nonprofit will be filling the house based on their need; I will not be screening nor accepting/denying applicants.

@Anthony DiSanzoIf you're looking for low entry point properties that will stay in demand with a strong tenant base, I'd advise you take a look into the Memphis market. 

Contractually, I'm sure I'll be on the hook for something based on their PM favored literature, but can I contest that they have done absolutely nothing for me, including not paying me as my defense?

This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.

You'll noticed I'm based in one of them!