Hi Lynette, I'm a Managing Partner at a company that does Full-scale flipping, lending, development, and portfolio acquisition, amongst other things! 

They develop, they build, they finance, they property manage, they will have HAO, cleaning crew etc. etc. etc. so the subsidiary companies make money every step of the way.From investor perspective: The investor pay $15 K to reserve the right to purchase 25 multiplex over the year of next 5 years. 5 each year.

Ideally you find something within a 30 minute drive.

They don't allow auto payments or automatically add late fees, and tenants would have the option to pull their payment back, which is not ideal.

South grays ferry, sure, definitely not the same but the ones that are right across the street from GradHo especially considering OCF's new massive development that is replacing the chocolate factory definitely have higher values. 

I am conflicted on whether to use the 500K on one big property (ideally multi-unit) or buy several smaller properties.

This knowledge is crucial when planning co-living projects.Engage with Local Authorities: Work with city planners and zoning boards to advocate for more inclusive definitions that accommodate co-living arrangements.Monitor Legal Developments: Keep an eye on legal scholarship and policy discussions that may influence zoning reforms favorable to co-living.By staying informed and proactive, real estate investors can navigate the complexities of zoning laws and contribute to the evolution of housing policies that support diverse living arrangements.For a deeper dive into these discussions, you can read the full articles here:Bloomberg: Why Are Zoning Laws Defining What Constitutes a Family?

That's what separates the best real estate agents who represent investor/developer clients.

Check out some of the great things happening in Detroit in 2024https://michiganchronicle.com/2024/01/03/major-developments-that-will-define-detroit-in-2024/

we have a development in this area that should be completed in the next 6 months, 2 units.