It is in a northern MI Downtown area (opp zone) in a county seat with 2 hospitals, had it re-zoned to mixed use, and is considered blighted which makes it eligible for MEDC funding of up to 50% of project cost.It is 8k sqft (4,000 each level) with the lower level being a walkout (top level is street level with sloped drive down to the rear of the building).

There are newly built 2 story homes on that street.

Built out the basement into a 2 bed/1 bath unit Lessons learned?

I got my first mid term rental in south Euclid about 2 weeks ago and list it on furnished finder.4 bedrooms 2 bath.

Software: Stessa for accounting, Deal Check for quick and dirty analysis of potential purchasesMarket positioning: Pet-friendly (fenced-yard, accept dogs and cats), well-designed homes, off-street parking, suburban, full cable TV package (not streaming only)Pricing: Targeting upper-middle market (not budget-conscious guests)So far, so good (since 2020)

Banks do not sell notes to just anyone off the street."

Go on Zillow, type in your zip code and the bed/bath count, and see what is currently for rent.

I.e. a property sold down the street with 1 extra bathroom and 250sf more.

From what I’ve read in the Wall Street Journal, average rents in Providence are up about 15% over the last two years, which could work in your favor.

Do you know the bed bath count and location class?