Its a 3 bed 2 bath. finished basement with 2 rooms in the basement listed as bonus and office.

Good luck :)  That would be why these regulations get passed - to benefit certain professions who are likely in bed with the regulators.

Its a 3 bed 2 bath. finished basement with 2 rooms in the basement listed as bonus and office.

(24) 1 Bed 1 Bath Units with 600SF, and rents for $510 per month, and (4) 2 Bed 1 Bath Units with 800SF rents for $610 per month.

Marketable rent is $1200 it is near a college, 3 bed 2 bath 1200 sq feet up and full unfinished basement 1200 sq feet downstairs.

If interested here are the numbers on my deal: 2 bed 1 bath newly renovated condo on the water, purchased for $20k (15k financed at 4% int.)

1 bed one bath goes for 1,3002 bed room 2 bath goes for 2,300In same building 

I've approached the owner of a rental property in a B+ neighborhood asking for terms to purchase their home.It's a 3 bed / 2 bath "move-in ready pretty house" that they've rented out for about 10 years.Owner is asking $205K (I confirmed with a realtor that this is fair market value).Rent is $1495/moI offered to pay their asking price if they held the mortgage for a period of time.They came back with, "Sure, we'd definitely consider it.

Nice neighborhood with mostly cosmetic repairs needed, 3 bed -2 bath is what I have 2 been looking for but not really seeing anything to jump on.  

When I have my millions under the bed I might invest in areas like Detroit but for now I must pass....