When you’re done, think about final touches that signal quality: well-placed mudrooms, logical spots for washer/dryer units (maybe near bedrooms for convenience), and closets that don’t feel like afterthoughts.The biggest hurdles I’ve seen often come down to hitting that sweet spot between cost and perceived value.

I made this same mistake when I went to buy "Sweet" Corn for the dinner I threw last time I was there.  5 ears for $10. 

From my research, I'm seeing $100-$150/sqft depending on complexity and material.

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.

Our HOA/complex manager has saved my butt more than once when a guest has locked themselves out of the unit and I'm across town or whatever.

That cheap skunky weed can stink up a whole complex without even being smoked so she could be telling the truth anyways.

Aaron,This is a sweet deal you got here.

I’ve been exploring MF properties because complexes in the $1M to $1.5M range appear to generate better NOI.

Going into the unknown and buying multiple SFHs/duplexes or an apartment complex OOS and my property taxes will skyrocket (property tax is reasonable thanks to Proposition 13 in CA).

This means you can double the rental income potential on eligible properties without navigating overly complex rezoning processes.