Even with a lower prime rate, the affordability boost is limited if home prices remain elevated and rents don’t increase proportionally.For investors, this might be the time to get creative: value-add strategies, BRRRR, or exploring underserved markets where rents still have room to grow might help improve cash flow potential.

We use to go vacation in Holland, Saugatuck , Grand Haven, South Haven, etc. 

I assure that is the conversation in those board rooms "ah, almost feel sorry for the suckers, but hey, business is business". 

Plus look for a handy person to take care of any maintenance issues that crop up.You will need to look at each and every room with a critical eye of a guest and not the owner.

Now for my out-of-pocket expenses:Down payment: $7500 (Hard money loan 90% purchase price 100% rehab)Closing costs: $6500Inspection: $400Agent's commission: $5200 (didn't raise purchase price of house with seller concessions, so that money didn't apply to the commission sadly. won't make this mistake again)Holding costs: $1300 (one interest-only payment of $770, roughly $200 in utilities and $360 in insurance)Total: roughly 21 grand. 

For me personally, I would leave it a loft so the renter could have a playroom for kids, office space, family room, etc.

It explains why very few flippers are adding single ADUs and if they are they are usually a conversion of exhisting habitual space (bunk houses, detached offices, workshops, craft rooms, etc.  

That area does have its share of crime, but with SLU and Grand Center nearby, it's definitely manageable, but not for the faint of heart.

There's room for flexibility depending on the desired tax strategy.Once you have more than a few properties, you'll want to consider software.

If selling is on the table, a 1031 exchange could allow you to defer taxes and reinvest in properties with better cash flow or lower maintenance needs.Since repairs are mostly handled, it might be worth reviewing your rents to see if there’s room to increases/ways to improve cash flow.