I tore into the house with intentions of making it functional and livable (lipstick on a pig).

If we advertised it as a 3 bed rental with 2 bonus rooms does that keep it above hoses even if tenants choose to turn bonus room into another bedroom?

The few multi families that are out there on the MLS just don't seem to hit the right numbers.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bpThe second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bpThe second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

. ;)  I love multi-families. 

@Jay Hinrichs Yes in Texas you can charge an initial late fee as well as a per day charge if you choose.

I few “bad apples” have infected the basket and when I see a blanket judgment on a whole group I care deeply about, I must share my thoughts.I used to help investors flip multi-million-dollar homes in Marin County California, one of the most affluent pack of zip codes in the country.

In my opinion this sounds like a substantial investment, and there are plenty of solid multi-family renters in the following markets:DearbornDearborn Heights Melvindale Westland& other cities immediately North, East, or West, of Detroit You're spot on about renters paying less for a duplex over a SFH but as you progress in the multi-family market you'll notice the differences aren't much if you choose the right property, construction finishes/overhead, tenant screening processes.