Hey @Robert Johnson, so 3k net cash flow is doable but that will be based on your purchase price.

Happy to touch base separately if I can answer any followup questions.PS @Jonathan Bock - Absolutely stoked for the March release!

Loan is based on average rents in the area on the appraisal rental analysis.

Is it worth getting another appraisal to potentially have lender remove PMI based on renovations?

I'm based in Maryland, where I currently own a few buy-and-hold residential properties alongside partners.

Based on this information, I highly recommend this applicant for your rental."

It is rare for rents to drop, rent tends to be sticky unless there are significant problems in the local economy.

Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 10-14%Cash flow: $150-$300/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B- These numbers are based on the “sweet spot” in Metro Detroit.

I know it's a pretty wild cast, would like to hear from the local experts to help narrow down to specific zones/cities based on the current trends and experience/occupancy.   

If you had a turnkey apartment building with 5+ units the value is based on the income not comparable sales.