Id get either a multifamily or a 3+ br rowhouse in Fells Point, Canton, Federall Hill and rent out the rooms. 

Commercial is a heavy lift in the application stage but once the deal is underwritten, you're done, no last minute surprises because you bought a new living room set on a new credit card or made a college tuition payment :)  Also, terms can be negotiated and very favorable (extend the years or reduce the down payment for a slightly higher rate and if the numbers still work...hooray!).

Purchase price: $729,000 Cash invested: $250,000 Sale price: $1,550,000 We performed the following renovations prior to selling the house:-Converted an open dining room into a 4th bedroom creating 2 closets and french doors-Renovated the kitchen and master bathroom including moving water lines and venting-Installed a beam creating an open archway-Covered the fireplace and installed custom cabinets in the living room-Built a patio with pavers and a pergola-Removed concrete patio and installed sod-Installed can lighting -Carpentry -Paint

Grow hops or a specialty varietal and have a tasting room for those that use that hop or varietal. 

There is a small laundry room on property.

That may mean that you have to drop your price point to leave room in your budget. 

I'm currently drafting my rental agreement to be used for a property I am "house hacking" (renting out rooms of the house I am living in), and am curious what I am allowed to hold my potential tenants accountable for.

Hey we received off market financials on a 64 bedroom student housing building.We have been heads down looking at apartments so this is a little outside our zone.But we were curious if we’re underwriting this how do we go about it since they are charging per room?

If I were to turn one of the rooms into a fully done bathroom and make my house a 4 bed 2 bath, Would it be worth more?

Detroit definitely has an exciting future ahead- earlier this month was the official grand opening of the Kahn Apartments downtown Detroit by the Fisher building- 206 units/ $70M.