I wish I had control over how far in advance the calendar was open, but that is up to the PM. 

I have had my eye on 5-20 unit multifamily for a while, as I see it much more controllable and predictable way to go about a real estate deal.

Would you mind telling us what you spend per month on life? 

Best of luck and spend every minute learning.

You control a 1.5M asset for $35k and get to live in an amazing location.

It’s a balancing act of controlling costs while also controlling risk of personal injury to your tenants and property visitors as well as maintaining goodwill with all involved at the properties. 

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

If you are 100% occupied (and trending) no need to spend money.

If you are going to focus on listings only list ones that are priced well to sell before spending your money.

I was just listening to the BiggerPockets podcast and James Dainard says he spends 350-400k for an ADU.