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.

Be sure to get a broker that specializes in these policies, some people are brokers but still do not have access to these types of insurance policies. 

I am potentially interested in doing a fix and flip with 100% OPM.

If it's a part-time investment hobby, then it might not make as much sense, financially at least.

Starting with a turnkey cash flow rental is a great move for beginners.

Given these factors, is it worth losing some cash flow by refinancing to a conventional loan, or should I explore other options?

Purchase price: $65,335 Cash invested: $32,301 Sale price: $197,500 Was my second BRRR investment but ended up selling the property to move into a larger one.

The closures arrived at a time when Phoenix's retail market was tight, with space for expansion becoming increasingly rare.

Just remember to factor in that you will now have fixed monthly payments on the original three which will reduce your cash flow.

Welcome to the community and be ready for a huge amount of information at your finger tips.