@Gabriel Mesa Fairly straightforward in the suburbs.In the City of Detroit you can NOT use zip codes, you can use Neighborhoods if you know what you are doing, but you need a trusted local to check out block-by-block to finalize decisions.Since there's a lot of rentals in the City, you also need to decide BEFORE you start a rehab, if you are targeting selling to a landlord or an owner-occupant buyer.- You tenant-proof a rental, but need higher finishes on an owner-occupant.

Yes, you have to hang your license with an institution because it pragmatically isn't economical to run your own independent shop these days.You're still often brokering or correspondent lending, though, if you work for a mortgage bank or mortgage company (eg, not a "bank" bank, where you can have a checking account).

And you likely haven't faced life on a downturn, it all comes down at once and it's kind of correlated professionally and personally. 

What kind of nightly rates, occupancy and amenities do they have.

I think checking with the city to make sure they are okay with the product from a code standpoint, would be the most important thing.

I don't know, but you would 100% want to check in with the existing optometrist, maybe they don't get "walk in" business anyways and do not care and wouldn't mind the like-minded neighbors (I've had mortgage neighbors before, and do not care -- I do mortgages they don't, case in point office mortgages across the country, so I wind up getting business from them), but an ice cream shop is going to be LIVID if you rent the unit next store to a frozen yoghurt shop, since that's a LOT of walk-in business that's now getting split two waysAnd then to make it really fun, here's the question I'll throw back at you.

Last I checked, I think there has to be a set unit count that you have before you would be able to use it, not too sure on that though! 

There are a lot of variables to take into account and a pro will know how to give you the best estimate of what the home will rent for, especially in different kinds of market environments. 

Check out biggerpockets rent estimator that could give you a good idea of what you could rent out each unit.  

That would give you an idea, but an agent will be a more precise ARV with real comps and also can recommend you the areas.Metroplex is big so also check that the realtor is experienced in the market area that you are looking for.