Make it look super 'cute' and charge double!

If you have three people renting together, combine their incomes into one to see if it meets the 3x requirement.However, nothing is that easy.

@Chris Lin not sure where else you own properties, but all their fees are what is normal for the Metro Detroit area.We have heard some PMCs offer lower fees in other parts of the country, but from what we've researched, these only apply to Class A properties - which are REAL easy to manage.We actually charge LESS than average to manage Class A rentals in our market.

Going DIY and self-managing this type of asset from another state may not be an easy task for such a building and neighborhood, it needs more attention (and probably capital).Try an unconventional approach.

It's not quite as easy as renting out two sides of a duplex, but with the right marketing and management you could rent out the extra unit to supplement the mortgage payment. 

Section 8 is best used as a risk mitigation tool for properties in super low income, high crime areas.

@Kenneth Tiedemann if you're investing in San Diego, I've had good experiences with easy street capital and aqua funding.

Super interesting!

Oh, I never said it would be easy, but it can be done.

(The floors are tile and terrazzo, so it is easy to clean up spilled paint.)We haven't gotten an estimate on the painting from a painter yet.