If so, expect to pay an additional 200 a month or more for water, 300 for electric, and a LOT for gas over our long cold Michigan winters.

Additionally, so far the economy has shown pretty strong resilience, with historically low unemployment rates.

Additionally, ongoing infrastructure projects, such as the revitalization of downtown and investment in transportation networks, further enhance the city's appeal for commercial real estate development.**4.

We've done a few deals together in this way and currently hold 10 properties together - with an additional 3-unit closing next week.The basic structure made sense for me to get started - my partner provided the cash injection and I provided the time and effort to find the properties, fix the first couple and/or manage the contractors.

Any additional unforeseen issues because of power not being turned on could hurt but won’t completely kill the deal unless major repairs needed.

I know the advertised returns aren't guaranteed but 7% annualized monthly cash flow with upside of an additional 13-20% annually when the property sells, aligns well with my investment goals.

In addition, owner loaned us $100,000 at 6% simple interest for one year to make major repairs (installed heat pumps, replaced boiler (for heating water only), replaced some siding and major roof repairs.)We were very clear with each other what we each wanted out of the deal.

High is overrated.If you have any additional questions, reach out to me directly.Good Luck!

Your better bet is to find a long-term tenant to rent a room or more depending on how many additional bedrooms you have. 

I would have to assume there is power and water (either municipal or well) in addition.