Ugh.In all seriousness, I think for $50,000 with a 1200 square foot house in Michigan should be able to modest rehab.

While metrics like square footage or price per square foot matter, the number of bedrooms, bathrooms, and overall location are often more critical for attracting tenants.Engaging a property manager early on can save you from costly mistakes and help you invest in properties that perform well in the rental market.

The top areas in value growth are West Town, Logan Square, and Irving Park.

My best advice is find a place that has a few rooms with square footage to add additional rooms and an ADU.

This residence features 3 bedrooms and 3.5 bathrooms, encompassing approximately 1,700 square feet of living space.

So far, if we use the top 3 comps and multiple by the square footage, we'd be getting an ARV of around $700K.

It is a 600-square-foot quonset hut sitting on 10 acres that is under 2 miles from a 750-acre lake.

Some appraisers will combine the square footage and go that route and make adjustments.

Quote from @Chris Seveney: Quote from @Devin James: In 2021, we saw buyers upgrading to larger homes, taking advantage of 3% interest rates to afford an extra 300+ square feet.Today, smaller homes are selling much faster as higher rates make additional square footage less affordable.While rates are historically average, I don’t see them dropping significantly.

Some complaints I've gotten is that my unit only has one bedroom and is small square footage wise.