Interest paid on their loan or a percentage of the profit?

Typically you can get a window egress installed for $3k-5k.Not aware of a Metro Detroit city that will allow the conversion of a SFR to 2-4 units in an R1 zoned area.- You can improve your search by only looking in R2+ zoned areas.- Will still be challenging to acquire a SFR at a low enough price to justify the cost of any conversion.Regarding Michigan property taxes, we have a one-page explanation document we'll share if you DM us. - The challenge in Detroit is that the city is "deliberately" keeping SEVs low to not scare investors away over property tax increases.

Hi Sally, thank you for the referrals, I really appreciate it.

I think your best approach is to pretend you are the investor yourself, calculate build cost (mortgage with interest) + Maint / cap expenses/ management fees according to your zoning and then compare that to the average rent in that neighborhood.

Typically, the owner is the only one that can sign a lease as they are the owner of the property.

Quote from @Katie Camargo: My husband and I put in an offer on a house under our personal names with "or assigns" as part of the contract.

There is no lack of affordable homes.

1) Overhead showing red property line, then the front and then all of the inside, exterior at the end?

Hello Clareen,I am an investor and also recently got my license and am based out of Charlottesville.

You are required to close if the assignee doesn't.Saying attorneys are ignorant of the law is hubris in the extreme.