Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Work backwards from your $300,000 annual target to monthly say $25,000 per month.  

Detroit is very block-by-block, so knowing the dynamics in the area you’re targeting is key.2.

would be great if you can share key ideas here or would be more than happy to connect with you and discuss (if easier).Thanks!

Absolutely.If a landlord is listed as additional insured (rather than additional interest) they cannot make a claim against one another's liability policy for damages - it could completely jeopardize the coverage they think they're making it easier to get. 

Sell the home to whoever your target tenant will be - modern, sleek, urban, renovated, bright/spacious; then sell the location - not whether they have a bank account or need a 7/11 - just that it is located to 'dining, entertainment, shopping, more.' 

Of course it all depends on pricing and what your target demo is.

We were thinking about this now because it's hard to find good deals in our price range, so thought it might be easier to put it into a bigger deal but sounds like that's not such an option. 

With Chicago's new Express Permit Program, it's a bit easier to get permits for work that would have previously required architectural drawings. 

It is an awesome system and does everything for single and multi family management, makes our difficult job so much easier.