Best bet is to connect with an Independent broker and talk to a few other owners of comparable properties.

With careful planning and installation of multi-zone mini-split systems, renovators can achieve a comfortable, energy-efficient environment that appeals to potential buyers, overcoming the challenges of limited space for traditional ductwork and enhancing the property's value through the added benefit of zoned climate control.Good luck with your project,KC 

It is called Vacation Rental Potential.

It helps me explain to investors the potential return on investment for properties they may see potential in.

Potentially buying the property 5% or more above actual value.

Hi Jonathan,No shame plug here 😁We have been operating a turnkey company with in-house property management in Toledo (45min from Detroit) since 2014.Here is a thread about us so you can see the good, bad and the ugly over the last 10 years - https://www.biggerpockets.com/forums/92/topics/185261-ohio-c...With that said, I love Detroit and have always seen a tonne of potential in the market.Wishing you much success 🙏👍

I value liquidity and if returns are going to be closer to 10% IRR than 18%+ potentially, Im not willing to lock up money for maybe 10 years.  

Compare potential rents to your monthly all-in.

Every state is a littkle different, but basically the key difference lies in the level of protection offered to the buyer regarding the title and any potential claims against the property.

In the midterm space most guests do not want to put utilities in their name for relatively short stays, particularly if the utility requires a credit check or substantial deposit so if you don't offer paid utilities it will cut down on your pool of potential renters.