Lately I have been studying the multifamily property market and I continue to see cap rates between the ranges of 5-8% within 6-8 units around where I'm looking to target my investment.  

It gave us a really nice nest egg to roll into our 16-unit apartment complex that we own and manage now. 

Would it be worth it to convert a multi-family from window units to HVAC?

The first option is to add a full bath (around 40-45k) and then house hack the front as a short term rental and live in the back half of the unit.

There is a prospective tenant (PT)looking to rent a unit.

Im trying to figure out a solution on how I can keep the tenants occupying the home, while my end buyer can make repairs on both the units for about 2 months to add value to the property and potentially raising rents. 

I would like to purchase a multifamily unit and I am not able to live in one of the units. 

In one unit we installed a tub/shower combo, four pieces I believe.

We are in Birmingham MI and own over 100 units personally in Metro-Detroit. 

If you're focused on the larger 2-4 unit buildings heading more North Shore, Merrimack Valley, and/or Southern NH is going to yield much better value.