Of course the propertry value should increase in value at some percentage, maybe not 100% but some.

We did a full gut rehab, and it appraised for $193k with each unit rented at $1,200/mo.If you want some Detroit specific resources I'm happy to share. 

Will the rents be able to be increased with new local investments in the economy? 

Even better if I can sit down with a builder and get started on funding and blueprints.This meta-strategy will use all the above strategies:1. house hacking: house will be built from scratch to maximize rent/room, while having a family unit/ADU for my family to live in one year2. costseg/STR: the building will be built from scratch to maximize bonus depreciation.

I believe your cost basis will increase to the day you take ownership vs. waiting until he passes.  

Do what you can to increase the earnings and reduce expenses on that investment.

I would also want to make sure that either short term or long term rents can support the full morgage payment, since there is not a DSCR specific program geared to mid-term rentals yet. 

Let me know if you have any questions on areas of Stamford, rents, the market, etc. 

They have largely been good - paid rent on time, no issues generally.

Bought for $180k in 2023, dumped ~$120k into the rehab (about double what we initially estimated), and raised rents from $525/unit to $1200/unit.