We have been very blessed to have a large network of private lenders that we have built over time.

AND there aren't many note buyers who will buy notes with large balances in the range you mention. 

The lot next door was added to the subdivision around 2000 and goes by completely different rules. 

Can’t house hack, we own a large home with lots of kids.

This could be added at some point.

The information contained in this post is not to be relied upon.

Is the finished basement SF added to the main SF to get a total SF which I then use as I normally would to get a per SF price or do I value the basement and main floor differently?

We're not aware of anyone that's made a purchase from them work in over 3 years:(Most of the incentives in Detroit are targeted to owners that will live in their home or developers targeting large projects.

This is a unique home and it actually has a full kitchen, 2 bed and 1 bath downstairs and I think it might be well suited as a very large vacation rental(entire home) or both floors being rented separately at some point in time.  

My advice would be to underwrite as many house hack opportunities as possible and assume 100% vacancy + a large capex item so you stress test your worst possible scenario and can you get through this.