Renting it as a standard unit might bring in $2,500/month.

I have a rental property in Detroit that I am looking to get certified, and have tried following the process on the Detroit Housing Commission website (https://www.dhcmi.org/landlord-faqs), which says " To list your property with the Detroit Housing Commission (DHC), you can visit DHC’s Assisted Housing Division office located at 2211 Orleans, Detroit, Michigan 48207.

If this stretches to 9–12 months, holding costs could climb fast.I like your point about tightening the rehab costs, I think there’s room to bring it closer to $100K with the right contractor and materials.

The answer is to find different lenders who will let you bring in an appraiser and get 75-80% of the LTV, not the purchase price.

We bring/offer the mortgage loan investment to the group & handle all the servicing, including chasing the monthly payment/insurance/taxes, foreclosure, etc.

It's not bringing her up. 

Also, if anyone is open to JV deals or mentorship, I’m eager to learn and bring value where I can.Looking forward to connecting with you all!

This strategy is especially effective given the current lack of entry level homes in Chicago.Our two cents - thanks for bringing this topic to the forums!

Usually prospective tenants that agents bring to showings will be more qualified to rent in my experience.

The other property is a cottage built in the mid 70s and requires significant electrical/plumbing work to bring up to code.