The purchase price was 395k and furnishings cost about 20k.

Make clear plans, use no-cost tools, study areas, spot deals, and move forward.

However, you do need to handle this situation carefully, make sure you follow a standard screening process to avoid any Fair Housing Act violations.I'm honestly not even sure if you can initiate the conversation with the parole officer, if they reach out to you, or the tenant provides the info and offers the opportunity to call them, that's a different story.Make sure you apply the same screening criteria you use for all potential tenants. 

They cover too large an area and will lead to you either getting take advantage of or making a costly mistake:(Investing in the City of Deroit should actually be done block-by-block.

Moreover, the typical listed home price has grown by 37.5% compared with May 2019, but the price per square foot grew by 52.7%.While the typical home for sale is listed at a similar price to last year, higher mortgage rates compared with last May still increased the monthly cost of financing 80% of the median home by roughly $158 (7.1%) compared with a year ago.

But I guess a lot of you seem to think that extra cost is negligible if I am refinancing anyway.

They potentially could get someone to lend but the fees will be pretty high which could cause some challenges as many won’t want to touch itWhy not just sell as is ?

Deduct carrying costs.

The square footage was low, with potential to increase square footage, beds and bath on 2nd floor.

With 8 units that is potentially $50,000 per unit.