Focus on location: Look for properties near colleges or hospitals—they tend to bring consistent, reliable renters. 2.

With ongoing improvements to public services, transportation, and commercial developments, Detroit is positioning itself as a thriving urban hub—making it a prime location for real estate investment! 

This can give you a clearer picture of which route is more profitable long-term.Final Thoughts: Given the location and your dad’s construction expertise, holding onto the property and adding an ADU could create a strong cash-flowing asset and increase the property’s value.

I have a included a link to a PM locator tool ready to go with recommendations in your preferred area.

In regard to section 8, be careful with trying to get higher rents than market.Your best section 8 tenants aren’t stupid and are very sensitive to location.  

@Landon Sheveland  don't think your renovations will overcome a bad location. 

Purchase price: $1,200,000 This is a 100+ pad community located near Downtown Bloomington (Near Indiana University).

Purchase price: $1,200,000 This is a 100+ pad community located near Downtown Bloomington (Near Indiana University).

I’m planning to do this for 3 multifamily properties all located in MA, each ranging from 2 to 4 units.

Often, it will also need work.So, that is causing investors to lower their standards and buy Class C & D rentals.Problem is, most investors apply Class A assumptions to these Class C/D properties - and then blame everyone else when they don't get their "expected" results.Check out copy & paste info below for more dtails:------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?