.🔥 Why Co-Living & House Hacking Work So Well Together✅ Higher Rental Income Per Unit – Renting by the room typically beats traditional rental rates.✅ Lower Vacancy Risk – Losing one tenant doesn’t mean losing all your cash flow.✅ More Affordable for Renters – Competitive pricing attracts a steady stream of demand.✅ Built-In Community = Lower Turnover – Tenants stay longer when they feel connected.✅ Allows You to House Hack a Single-Family Home – No need to compete for pricey duplexes and triplexes!

Shorter term CD's actually have higher rates than longer term so staying in the 3-6 month range is best.  

If a DSCR then questions are prepayment penalties and other terms of the loan so you understand what you are getting into. 

Crime and drugs still an issue, but getting quality tenants has not been a challenge... so far so good.

I like your suggestion of targeting a property with existing tenants and minimal work needed so I can ease into the process while building my network of contractors. 

I'd say start the process of securing your HELOC if you havn't done so and spend time analyzing deals and determining what type of investor you are looking to be. 

We rented the 2/1 side for $1300/mn and thought we could finish the addition of the bath and closet but got so busy with my construction business I still have not completed the work.

So you use hard money or cash, fix it, resell it...and try to resale fast. 

Luckily the market had moved in his favor so he was able to sell and didn’t lose that much money.

Detroit is a market where local have a strong competitive advantage over non-locals so you want to use that to your advantage.