This sounds like in an ideal situation, even with no problems from the city, neighbors, delays in materials or labor, etc..?

I figured if it was not on their website, it is not something they want to advertise and so must be high.Online Rent Collection ServiceName Monthly Cost Min Payment per month Days To Post Payment Live Support Accept ACH Accept Cash Accept Credit Card Auto Payments How Long in Business Has One Time PaymentWilliamsPaid $0.00 $0.00 3 Y Y Y Y Y 2007 YeRentPayment $3.00 $0.00 3 Y Y N Y Y 2004 YSparkrent $2.00 $2.00 3 N Y N N Y 2013 NRentmatic $3.95 $3.95 4 N Y N N Y 2004 YRentpayment $10.00 $10.00 3 N Y Y N Y ?

If yo have a clear expectation why rents or property value should go up then of course consider it (Below market rents for example) But don't bother if you are just guessing. you will get into a situation where wishful thinking causes you to buy a less then ideal property.

We owe about $400K on our home worth about $700-$750K, so ideally I would like to downsize and get a good chunk of that equity out to use for investments.

Ideally you'll end up with 3 qualified tenants after your first round of showings and be able to fill all three units!

I'm 23 and a full time auto mechanic.

Ideally in Ann Arbor?

This is ideal weather we're buying for ourselves or selling turnkey.  

I deal in commitments on future inventory!

It looks like potential foundation issues if the doorway tiles are cracking - there is force there from the roof load, and if something is awry with the foundation it could exhibit it through cracking in the doorways - but I deal with basements so maybe someone in your area could speak up.