So the choice of tenant would be key.On the flip side, reasons to hold: a very low mortgage rate; probably not the case. 

Foreclosures ar near all time lows.

Hey @Brett RiemensniderThere are a TON of banks/credit unions that will offer as low as Prime on a heloc on your primary residence.

It’s just not worth it in Detroit especially with the low price points. 

They were fine with my score (about 740), but have issue with the percentage of personal credit I am utilizing, so that discussion also petered out.Apparently, I have a lending profile right now, that is not attractive to mainstream lending programs.Any advice?

Also, what are some other low cost amenities that I can add to my STR that will yield a higher ROI?

Rents are generally low there as well, but definitely stable.

As you grow your portfolio, keep an eye out for lenders who offer low down payment options for investors or those that allow leveraging the equity from your existing properties to fund new ones. 

However, at $105 per SF seems very low.

We do not have a resident benefit package, and we keep our tenant fees very low.