Not saying it's not possible or profitable in the rest of the city, simply the multi unit option and 0% vacancy from the university makes it a great option.

Constructing an IRR timeline on both options using the timeframe you decide on will help you visualize the better yielding investment.

STR that do the best have a target audience based on the the surrounding options that improve the vacation experience.

If you are looking to refinance with a rate and term or non-qm option you may be looking at around 6 month season.

I’m from Idaho but have just started considering similar investment options in the Detroit area.

I am wondering what my options are to turn these properties around.

With just the data given, I would say buy a duplex, rent out the other side, and if you have extra bedrooms in your unit, rent those too. 

It could be any side-hustle you want just as long as you like it and your able to save some extra $$$.2.

Hey @Mohammad Al-hadad,The first thing I would say is that the cool thing about real estate investing is that there are many options and styles about how to invest and what strategies you want to pursue.

There's a lot to it and many people set it up and then don't want to do all the extra steps.