So I have my house that refinanced in 2020 for a 15yr 2.5% rate and we have about 56k equity.

You are missing my point on taxes.Scenario 1:  Your partner buys the house at the same time you put your cash in.  

My wife and I purchased our first home, a multi family, to house hack in late 2024.

I looked at similar properties in the same development to get my pricing data.

With all the new development around the stadiums, it can be very lucrative and presents room for growth as the area continues to develop.

Instead of platforms like Angi, try building relationships directly with contractors, architects, and developers.

Whether you're an investor looking for opportunities abroad, an agent working with international clients, or a developer seeking foreign buyers, having the right network and knowledge is essential. 

I agree with John, we are seeing renovation costs of $150k- $200k for a basement unit and $250k + for a coach house. 

If my stories scare them (and they often do), they should NOT be investing in Detroit.But I'm equally tired of the narrative that these sorts of houses don't work as cash flowing investments.

A lot of our housing stock here has finished basements or in-law suites, so with something like that you can generate significant rental income for an inexpensive conversion.