That can be for many reasons.....for instance one of our places is booked every weekend, all year long.

We got a great price on the home, it does need an extensive cosmetic remodel and also a new roof in the next 2-5 years.We are planning to head down on closing to live in the house for 4-6 weeks to do most of the work ourselves.

To demonstrate my technical competence, for my personal house I built a steam shower, installed radiant barriers with rock wool, and a wood stove insert with bathroom radiant heated floors and re-designed radiant floor heat zones, cutting winter energy consumption to 1/8, installed a whole house fan cutting summer energy to 1/2, extensive localized landscaping leading to a reduction to 1/8 the yard work, plus random quality of life improvements like wifi switches, heated floors and toilet seats, skylight install, exposed structural beams, and master bedroom laundry including electrical and plumbing, cathedral ceilings with skylights, a steam shower with wifi controllable lighting and music, concrete countertops, etc. 

@Troy Ronald, suggest you follow our blog here on BP as we write extensively about Metro Detroithttps://www.biggerpockets.com/member-blogs/3094-royal-rose-properties

For instance, how close are your properties to campus?

For instance South side of Chicago is a huge area your not going to build new construction the cost to build those awesome brick two flats would be close double to what you can buy them for now and the land is free..

For instance, I’ve lived in Orlando and grew up in the Charleston, WV area.

We just have to adjust our definition of "great" in some instances.

Still going through an extensive rehab (my choice) should be online next month.

The residents are then getting an affordable monthly renters insurance rate, your management team or yourself have everything in-house and in this instance you a profiting $4/unit/month.