The market rents on other hand are $1150 as is (this per the appraisal).

I found this deal through diligent market research and networking within the local real estate community.

For example, if someone suggests Short-Term Rentals (STR) or Mid-Term Rentals (MTR), I can manage them personally since I have the time.I'm open to various strategies, including single-family homes, multi-family properties, or niche markets, as long as they fit the above criteria.What types of properties or markets have you found to offer the best cashflow and ROI?

Unless the last tenant was paying 20% over market rent or the market you’re in is falling apart (if so, SELL!) 

Being in this circle was fun as I was privy to some off-market bottles.

How about marketing the property ?

That right there will set someone apart in the Detroit market, sadly.I can't speak to his PM business from a firsthand perspective as I've never had him manage any of my properties (I still self-manage). 

Not going to lie, Dan really got me rethinking this plan...Currently researching multi-families in other markets now. 

As 2024 progresses, the multifamily market is showing signs of recovery.

So, I've been reading and hearing about the market and future growth of NC.