I'm a wholesaler in SE Michigan looking to expand into rentals soon but don't know whether to start with MFRs or SFRs. 

I was able to buy a 180k duplex in SE Minneapolis with 25% down. 

NOTICE TO CREDITORS DECEDENT'S TRUST Estate of KRAFT, Deceased Date of Birth: December 1, 1937 TO ALL CREDITORS: The Settlor, KRAFT, who lived at 2328 Edgewood SE died October 7, 2014.

Again, this is also rarely mentioned at Bigger Pockets.Multi-families, Condos, etc. don't really compete (per se), with Single Family. 

@Dawn BrenengenWe have two in SE Raleigh, one in North Raleigh, and my former primary is out in NE Raleigh (Hedingham).  

I don't know if there is a formula per se, but all mine are over $200.

My question is, If I bought this house Sub-to would I be able to A.) increase the rental rate for this current tenant B.) be able to increase the rate next year when their option to renew for 5 more years becomes available C.) have to find a new tenant to raise rates.I'm expecting the seller to send me the current lease soon so that may answer my questions but I wanted to se what the BP community thought about this deal as a whole!

I know a little about mining in SE Alaska.  

A real estate professional's non-passive rental income will not be subject to SE tax. 

The most recent refi was actually to acquire an equity line of credit, basically because we owed only about 70k at the time of refi it became an equity line not really a mortgage per se (equity line =115K and we had 45k available credit as we still owed 70k on the home.