See the table below which compares what is on an MLS data sheet and what an investor needs to evaluate a property.Below is a high-level summary of the tasks an investor needs to accomplish.

Love Michigan for solid appreciation, value add deals, and decent pricing compared to the rest of the nation. 

This is putting downward pricing pressure on the classes below it, as people move up for a comparably better unit at a relatively reasonable increase in cost. 

I've been looking at 2 bed/1 bath and 3 bed/1bath rent comparables on zillow, rentometer, and redfin.

Investing in REITs through stocks or mutual funds provides exposure to real estate with lower capital requirements and less hands-on involvement compared to direct property ownership.Continuous Learning and Skill Development: Invest in your education and develop skills in real estate investing, property management, finance, and negotiation.

-Consider hiring an experienced local real estate agent.Accurate Pricing:-Set a competitive and realistic asking price based on recent comparable sales found on the MLS.

just to be clear here.. if all other townhomes are 250k then it wouldn't be worth 350k.. you cant make value go up.. there has to be comparable sales.. so if there are other updated townhomes going for 300k or so then you could upgrade and get similar.. but value is only supported by comps.. you never want to be most expensive in neighborhood.

How is the micro-location compared to your rental comps that are commanding double the rent? 

My current biggest property is an 8 unit apartment building and it is definitely a horse of a different color compared to my 2-3 unit properties.

When compared to bigger complexes in desirable neighborhoods, these properties could have a higher potential for cash flow.Examine Financing alternatives: Look into financing alternatives, such as FHA loans with low down payments, that are geared for first-time homebuyers or owner-occupants.