Could you get another tenant in the third bedroom to really bring down your cost of living?

Taking pics of the bedrooms where you see the door/doorway makes the room itself look tiny.5) video might help here though my camera does not have a wide angle video option.Summary: most people won't read descriptions first.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

I have had a lot of success purchasing 5 bedrooms houses next to larger universities and have been able to easily find tenants.

If you are still willing to stay in the same unit as your brother you can get a 2-4 unit building, rent out the other units and still rent a bedroom within your unit to your brother for extra income.

Even if you’re not an agent, staying connected with local agents can open doors.Exploring Older Landlords: This is something I’ve been doubling down on lately.

Keeping a 2.99% rate sounds great, but it may be costing you thousands of dollars if you are in the double digits with your other outstanding debts.

Rent on a 4 bedroom place may be $5000 monthly ($12,000 in Manhattan); rent it by the bedroom for $1500 per bedroom with access to all common areas.  

If it were me, I’d double-check the furnace to cover all bases (maybe bring in a second opinion) and document everything.

Built in 2021. 4 bedroom/ 3 baths.