Bare with me in this response, i'm speaking it into my phone while at the airport, so I apologize for misspellings sor typos or grammar problems.So leverage your power team... specifically your mortgage broker and local regional banks/lenders and any private and Hardmoney relationship you have, I would not only leverage them that I would speak to them and have them Enrolled into your transaction before you buy and rehab, so they can give you feedback before hand, to know how they would fund a refinance and to know what and how they would do their valuation, and any obstacles they may foresee.

If everything was fixed up and the seller is cash flowing nicely, he can just sit on the market waiting for a full price offer, but with half his units not being rented, he can be in the hole or barely breaking even (depending how much he is getting for the other two units).

Hopefully, it's an expense that's once a year (at most) so it's barely a rounding error.  

-Will bring on headache/stress/discouragement-Potential for bad tenants at lower rent rates-Not in a prime growth areaI am not opposed to this property, so please do not assume that all the negatives associated with property B are me trying to justify that property A is better.

If you are looking to get the bare minimum coverage, confirm with your lender (if you have one) what is the least amount of coverage they will accept.

I can remember struggling to get 950 for my first condo and barely covering my costs!

Speaking as a noob and a (barely) millennial, I've found business cards necessary for networking.

For me 1)  No builder makes good/bad homes ....Builder may have good/bad design SINCE almost all homes (60K to 10MM)  in Houston are being built by a group of very hard working team of people who are barely making a living.

Comps for rents in the area have me barely breaking event if at all.

I've seen lots of other rentals in Detroit and the bare minimum is done.