Anything over that could mean that the property is overstaffed, or it could mean that management is delivering a very high level of service such as in a luxury property that has a doorman and all sorts of staff that you don't typically see in garden style apartments.

I'm specifically interested in "main street" properties with a downstairs retail space, upstairs apartment(s).If you know of anyone with this sort of experience, I'd REALLY appreciate the connection.

If I were in your shoes, I’d consider a few key factors before diving in:1.Risk Tolerance:Ask yourself, “If the worst-case scenario happened and I lost this money, could I recover?”

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Quote from @Gerald Wallace: I'm playing Devil's advocate and running your numbers through the worst-case scenario.

I am thinking two things:  First, do you have a spreadsheet or program of some sort that you can share with me so I can analyze a deal?  

I would have bought rental properties of any sort before I bought my primary home. 

He's still very much in contact and reachable, but my biggest fear is that he will run or file some sort of Bankruptcy.

Sort of same situation but the home was not in that bad of shape. 

The app doesn't allow rent by room, so I am sort of forcing it.